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$165,457$165,457$333,000
Remaining term (yrs)19.619.630.0
Secondary amount$0$167,543$0
Funding fee$0$0$0
Note rate3.730%3.730%7.400%
Blended rate4.580%6.301%7.640%
1st payment$987.61$987.61$2,305.62
2nd payment$0.00$1,116.95$0.00
Taxes / mo$308.33$308.33$308.33
Insurance / mo$150.00$150.00$150.00
MI / mo$151.42$151.42$66.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,597.36$2,714.32$2,830.56
Cash to close$204,543$37,000$37,000