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$166,503$166,503$283,410
Remaining term (yrs)20.120.130.0
Secondary amount$0$116,907$0
Funding fee$0$0$0
Note rate3.520%3.520%7.320%
Blended rate4.370%5.867%7.560%
1st payment$959.13$959.13$1,946.83
2nd payment$0.00$779.38$0.00
Taxes / mo$307.08$307.08$307.08
Insurance / mo$150.00$150.00$150.00
MI / mo$150.92$150.92$56.68
HOA / mo$0.00$0.00$0.00
Total monthly$1,567.14$2,346.52$2,460.60
Cash to close$148,397$31,490$31,490