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$170,004$170,004$336,600
Remaining term (yrs)22.922.930.0
Secondary amount$0$166,596$0
Funding fee$0$0$0
Note rate3.500%3.500%7.400%
Blended rate4.350%6.157%7.640%
1st payment$895.53$895.53$2,330.55
2nd payment$0.00$1,110.64$0.00
Taxes / mo$79.08$79.08$79.08
Insurance / mo$150.00$150.00$150.00
MI / mo$141.26$141.26$67.32
HOA / mo$0.00$0.00$0.00
Total monthly$1,265.88$2,376.51$2,626.95
Cash to close$203,996$37,400$37,400