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$172,925$172,925$336,600
Remaining term (yrs)23.623.630.0
Secondary amount$0$163,675$0
Funding fee$0$0$0
Note rate3.330%3.330%7.320%
Blended rate4.180%6.038%7.560%
1st payment$878.79$878.79$2,312.21
2nd payment$0.00$1,091.17$0.00
Taxes / mo$168.17$168.17$168.17
Insurance / mo$150.00$150.00$150.00
MI / mo$141.60$141.60$67.32
HOA / mo$0.00$0.00$0.00
Total monthly$1,338.55$2,429.72$2,697.70
Cash to close$201,075$37,400$37,400