Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$164,537$164,537$233,100
Remaining term (yrs)24.524.530.0
Secondary amount$0$68,563$0
Funding fee$0$0$0
Note rate3.080%3.080%7.400%
Blended rate3.930%5.421%7.640%
1st payment$794.19$794.19$1,613.94
2nd payment$0.00$514.22$0.00
Taxes / mo$283.52$283.52$283.52
Insurance / mo$150.00$150.00$150.00
MI / mo$132.08$132.08$46.62
HOA / mo$0.00$0.00$0.00
Total monthly$1,359.78$1,874.00$2,094.07
Cash to close$94,463$25,900$25,900