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$166,734$166,734$193,410
Remaining term (yrs)25.125.130.0
Secondary amount$0$26,676$0
Funding fee$0$0$0
Note rate3.070%3.070%7.320%
Blended rate3.920%4.621%7.560%
1st payment$791.51$791.51$1,328.59
2nd payment$0.00$200.07$0.00
Taxes / mo$131.00$131.00$131.00
Insurance / mo$150.00$150.00$150.00
MI / mo$131.80$131.80$38.68
HOA / mo$0.00$0.00$0.00
Total monthly$1,204.31$1,404.38$1,648.27
Cash to close$48,166$21,490$21,490