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$169,720$169,720$238,500
Remaining term (yrs)24.624.630.0
Secondary amount$0$68,780$0
Funding fee$0$0$0
Note rate3.080%3.080%7.320%
Blended rate3.930%5.392%7.560%
1st payment$817.36$817.36$1,638.33
2nd payment$0.00$515.85$0.00
Taxes / mo$334.75$334.75$334.75
Insurance / mo$150.00$150.00$150.00
MI / mo$135.93$135.93$47.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,438.04$1,953.89$2,170.78
Cash to close$95,280$26,500$26,500