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$171,701$171,701$281,700
Remaining term (yrs)22.922.930.0
Secondary amount$0$109,999$0
Funding fee$0$0$0
Note rate3.490%3.490%7.400%
Blended rate4.340%5.769%7.640%
1st payment$903.56$903.56$1,950.43
2nd payment$0.00$733.33$0.00
Taxes / mo$197.50$197.50$197.50
Insurance / mo$150.00$150.00$150.00
MI / mo$142.71$142.71$56.34
HOA / mo$0.00$0.00$0.00
Total monthly$1,393.77$2,127.10$2,354.27
Cash to close$141,299$31,300$31,300