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$161,326$161,326$249,300
Remaining term (yrs)23.423.430.0
Secondary amount$0$87,974$0
Funding fee$0$0$0
Note rate3.640%3.640%7.400%
Blended rate4.490%6.082%7.640%
1st payment$850.13$850.13$1,726.10
2nd payment$0.00$659.80$0.00
Taxes / mo$333.92$333.92$333.92
Insurance / mo$150.00$150.00$150.00
MI / mo$131.80$131.80$49.86
HOA / mo$0.00$0.00$0.00
Total monthly$1,465.85$2,125.65$2,259.88
Cash to close$115,674$27,700$27,700