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$169,273$169,273$233,910
Remaining term (yrs)24.624.630.0
Secondary amount$0$64,637$0
Funding fee$0$0$0
Note rate3.060%3.060%7.400%
Blended rate3.910%5.317%7.640%
1st payment$813.45$813.45$1,619.55
2nd payment$0.00$484.77$0.00
Taxes / mo$200.42$200.42$200.42
Insurance / mo$150.00$150.00$150.00
MI / mo$135.62$135.62$46.78
HOA / mo$0.00$0.00$0.00
Total monthly$1,299.49$1,784.26$2,016.74
Cash to close$90,627$25,990$25,990