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$164,418$164,418$279,000
Remaining term (yrs)20.120.130.0
Secondary amount$0$114,582$0
Funding fee$0$0$0
Note rate3.940%3.940%7.400%
Blended rate4.790%6.108%7.640%
1st payment$983.11$983.11$1,931.74
2nd payment$0.00$763.88$0.00
Taxes / mo$238.08$238.08$238.08
Insurance / mo$150.00$150.00$150.00
MI / mo$146.92$146.92$55.80
HOA / mo$66.67$66.67$66.67
Total monthly$1,584.79$2,348.67$2,442.29
Cash to close$145,582$31,000$31,000