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$169,706$169,706$278,999
Remaining term (yrs)22.922.930.0
Secondary amount$0$109,293$0
Funding fee$0$0$0
Note rate3.870%3.870%7.320%
Blended rate4.720%6.005%7.560%
1st payment$927.44$927.44$1,916.53
2nd payment$0.00$728.62$0.00
Taxes / mo$532.50$532.50$532.50
Insurance / mo$150.00$150.00$150.00
MI / mo$139.79$139.79$55.80
HOA / mo$11.00$11.00$11.00
Total monthly$1,760.73$2,489.35$2,665.83
Cash to close$140,293$31,000$31,000