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$172,825$172,825$270,000
Remaining term (yrs)23.423.430.0
Secondary amount$0$97,175$0
Funding fee$0$0$0
Note rate3.470%3.470%7.320%
Blended rate4.320%6.004%7.560%
1st payment$895.11$895.11$1,854.71
2nd payment$0.00$728.81$0.00
Taxes / mo$67.58$67.58$67.58
Insurance / mo$150.00$150.00$150.00
MI / mo$141.72$141.72$54.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,254.41$1,983.23$2,126.30
Cash to close$127,175$30,000$30,000