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$168,930$168,930$332,999
Remaining term (yrs)23.923.930.0
Secondary amount$0$164,069$0
Funding fee$0$0$0
Note rate2.940%2.940%7.400%
Blended rate3.790%5.864%7.640%
1st payment$816.38$816.38$2,305.62
2nd payment$0.00$1,093.79$0.00
Taxes / mo$294.66$294.66$294.66
Insurance / mo$150.00$150.00$150.00
MI / mo$138.22$138.22$66.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,399.26$2,493.05$2,816.88
Cash to close$201,069$37,000$37,000