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$167,833$167,833$220,500
Remaining term (yrs)22.822.830.0
Secondary amount$0$52,667$0
Funding fee$0$0$0
Note rate3.800%3.800%7.400%
Blended rate4.650%5.689%7.640%
1st payment$915.03$915.03$1,526.70
2nd payment$0.00$395.00$0.00
Taxes / mo$261.92$261.92$261.92
Insurance / mo$150.00$150.00$150.00
MI / mo$139.10$139.10$44.10
HOA / mo$291.00$291.00$291.00
Total monthly$1,757.05$2,152.05$2,273.71
Cash to close$77,167$24,500$24,500