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$168,061$168,061$270,000
Remaining term (yrs)23.123.130.0
Secondary amount$0$101,939$0
Funding fee$0$0$0
Note rate3.490%3.490%7.400%
Blended rate4.340%5.722%7.640%
1st payment$880.28$880.28$1,869.43
2nd payment$0.00$679.59$0.00
Taxes / mo$221.17$221.17$221.17
Insurance / mo$150.00$150.00$150.00
MI / mo$139.03$139.03$54.00
HOA / mo$275.00$275.00$275.00
Total monthly$1,665.48$2,345.07$2,569.59
Cash to close$131,939$30,000$30,000