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$164,326$164,326$192,081
Remaining term (yrs)23.623.630.0
Secondary amount$0$27,755$0
Funding fee$0$0$0
Note rate3.310%3.310%7.400%
Blended rate4.160%4.859%7.640%
1st payment$833.36$833.36$1,329.93
2nd payment$0.00$208.16$0.00
Taxes / mo$97.83$97.83$97.83
Insurance / mo$150.00$150.00$150.00
MI / mo$134.62$134.62$38.42
HOA / mo$384.00$384.00$384.00
Total monthly$1,599.81$1,807.97$2,000.18
Cash to close$49,097$21,342$21,342