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$164,893$164,893$220,500
Remaining term (yrs)25.225.230.0
Secondary amount$0$55,607$0
Funding fee$0$0$0
Note rate3.070%3.070%7.320%
Blended rate3.920%5.201%7.560%
1st payment$781.06$781.06$1,514.68
2nd payment$0.00$417.05$0.00
Taxes / mo$204.17$204.17$204.17
Insurance / mo$150.00$150.00$150.00
MI / mo$130.06$130.06$44.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,265.29$1,682.34$1,912.95
Cash to close$80,107$24,500$24,500