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$167,008$167,008$288,000
Remaining term (yrs)21.121.130.0
Secondary amount$0$120,992$0
Funding fee$0$0$0
Note rate3.940%3.940%7.320%
Blended rate4.790%6.139%7.560%
1st payment$967.94$967.94$1,978.36
2nd payment$0.00$806.61$0.00
Taxes / mo$390.33$390.33$390.33
Insurance / mo$150.00$150.00$150.00
MI / mo$144.66$144.66$57.60
HOA / mo$117.00$117.00$117.00
Total monthly$1,769.93$2,576.54$2,693.29
Cash to close$152,992$32,000$32,000