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$161,059$161,059$269,100
Remaining term (yrs)23.423.430.0
Secondary amount$0$108,041$0
Funding fee$0$0$0
Note rate3.470%3.470%7.400%
Blended rate4.320%5.797%7.640%
1st payment$834.16$834.16$1,863.19
2nd payment$0.00$720.28$0.00
Taxes / mo$163.67$163.67$163.67
Insurance / mo$150.00$150.00$150.00
MI / mo$132.08$132.08$53.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,279.91$2,000.18$2,230.68
Cash to close$137,941$29,900$29,900