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$164,155$164,155$189,000
Remaining term (yrs)24.424.430.0
Secondary amount$0$35,345$0
Funding fee$0$0$0
Note rate3.050%3.050%7.400%
Blended rate3.900%5.313%7.640%
1st payment$791.58$791.58$1,308.60
2nd payment$0.00$349.77$0.00
Taxes / mo$203.83$203.83$203.83
Insurance / mo$150.00$150.00$150.00
MI / mo$132.15$132.15$37.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,277.55$1,627.32$1,700.23
Cash to close$45,845$10,500$21,000