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$168,833$168,833$270,000
Remaining term (yrs)22.322.330.0
Secondary amount$0$101,167$0
Funding fee$0$0$0
Note rate4.400%4.400%7.400%
Blended rate5.250%6.280%7.640%
1st payment$988.30$988.30$1,869.43
2nd payment$0.00$674.45$0.00
Taxes / mo$572.75$572.75$572.75
Insurance / mo$150.00$150.00$150.00
MI / mo$139.80$139.80$54.00
HOA / mo$266.00$266.00$266.00
Total monthly$2,116.84$2,791.29$2,912.18
Cash to close$131,167$30,000$30,000