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$168,968$168,968$234,000
Remaining term (yrs)23.423.430.0
Secondary amount$0$65,032$0
Funding fee$0$0$0
Note rate3.400%3.400%7.400%
Blended rate4.250%5.570%7.640%
1st payment$870.90$870.90$1,620.17
2nd payment$0.00$487.74$0.00
Taxes / mo$346.25$346.25$346.25
Insurance / mo$150.00$150.00$150.00
MI / mo$139.10$139.10$46.80
HOA / mo$8.33$8.33$8.33
Total monthly$1,514.58$2,002.32$2,171.55
Cash to close$91,032$26,000$26,000