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$166,692$166,692$261,000
Remaining term (yrs)23.123.130.0
Secondary amount$0$94,308$0
Funding fee$0$0$0
Note rate3.570%3.570%7.400%
Blended rate4.420%6.075%7.640%
1st payment$880.17$880.17$1,807.11
2nd payment$0.00$707.31$0.00
Taxes / mo$241.67$241.67$241.67
Insurance / mo$150.00$150.00$150.00
MI / mo$137.64$137.64$52.20
HOA / mo$18.67$18.67$18.67
Total monthly$1,428.15$2,135.46$2,269.65
Cash to close$123,308$29,000$29,000