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$168,192$168,192$220,410
Remaining term (yrs)23.523.530.0
Secondary amount$0$52,218$0
Funding fee$0$0$0
Note rate3.500%3.500%7.320%
Blended rate4.350%5.452%7.560%
1st payment$871.80$871.80$1,514.06
2nd payment$0.00$391.63$0.00
Taxes / mo$244.83$244.83$244.83
Insurance / mo$150.00$150.00$150.00
MI / mo$137.52$137.52$44.08
HOA / mo$475.00$475.00$475.00
Total monthly$1,879.16$2,270.79$2,427.98
Cash to close$76,708$24,490$24,490