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$170,956$170,956$243,000
Remaining term (yrs)25.425.430.0
Secondary amount$0$72,044$0
Funding fee$0$0$0
Note rate3.110%3.110%7.320%
Blended rate3.960%5.454%7.560%
1st payment$809.88$809.88$1,669.24
2nd payment$0.00$540.33$0.00
Taxes / mo$200.83$200.83$200.83
Insurance / mo$150.00$150.00$150.00
MI / mo$134.17$134.17$48.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,294.88$1,835.21$2,068.67
Cash to close$99,044$27,000$27,000