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$168,016$168,016$305,910
Remaining term (yrs)22.922.930.0
Secondary amount$0$137,894$0
Funding fee$0$0$0
Note rate3.750%3.750%7.400%
Blended rate4.600%6.133%7.640%
1st payment$909.45$909.45$2,118.06
2nd payment$0.00$919.29$0.00
Taxes / mo$224.92$224.92$224.92
Insurance / mo$150.00$150.00$150.00
MI / mo$139.10$139.10$61.18
HOA / mo$0.00$0.00$0.00
Total monthly$1,423.47$2,342.76$2,554.16
Cash to close$171,884$33,990$33,990