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$164,707$164,707$234,000
Remaining term (yrs)23.623.630.0
Secondary amount$0$69,293$0
Funding fee$0$0$0
Note rate3.310%3.310%7.320%
Blended rate4.160%5.593%7.560%
1st payment$835.29$835.29$1,607.42
2nd payment$0.00$519.70$0.00
Taxes / mo$165.04$165.04$165.04
Insurance / mo$150.00$150.00$150.00
MI / mo$134.93$134.93$46.80
HOA / mo$57.33$57.33$57.33
Total monthly$1,342.59$1,862.29$2,026.59
Cash to close$95,293$26,000$26,000