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$167,574$167,574$252,000
Remaining term (yrs)24.124.130.0
Secondary amount$0$84,426$0
Funding fee$0$0$0
Note rate3.260%3.260%7.400%
Blended rate4.110%5.748%7.640%
1st payment$833.90$833.90$1,744.80
2nd payment$0.00$633.20$0.00
Taxes / mo$186.33$186.33$186.33
Insurance / mo$150.00$150.00$150.00
MI / mo$135.55$135.55$50.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,305.79$1,938.99$2,131.53
Cash to close$112,426$28,000$28,000