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$164,281$164,281$278,100
Remaining term (yrs)20.820.830.0
Secondary amount$0$113,819$0
Funding fee$0$0$0
Note rate3.890%3.890%7.400%
Blended rate4.740%6.074%7.640%
1st payment$957.50$957.50$1,925.51
2nd payment$0.00$758.79$0.00
Taxes / mo$274.00$274.00$274.00
Insurance / mo$150.00$150.00$150.00
MI / mo$143.97$143.97$55.62
HOA / mo$302.00$302.00$302.00
Total monthly$1,827.47$2,586.26$2,707.13
Cash to close$144,719$30,900$30,900