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$167,334$167,334$328,500
Remaining term (yrs)23.923.930.0
Secondary amount$0$161,166$0
Funding fee$0$0$0
Note rate3.130%3.130%7.400%
Blended rate3.980%5.952%7.640%
1st payment$827.05$827.05$2,274.47
2nd payment$0.00$1,074.44$0.00
Taxes / mo$218.61$218.61$218.61
Insurance / mo$150.00$150.00$150.00
MI / mo$136.67$136.67$65.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,332.33$2,406.76$2,708.78
Cash to close$197,666$36,500$36,500