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$162,630$162,630$283,500
Remaining term (yrs)20.320.330.0
Secondary amount$0$120,870$0
Funding fee$0$0$0
Note rate3.770%3.770%7.400%
Blended rate4.620%6.061%7.640%
1st payment$952.71$952.71$1,962.90
2nd payment$0.00$805.80$0.00
Taxes / mo$300.33$300.33$300.33
Insurance / mo$150.00$150.00$150.00
MI / mo$145.36$145.36$56.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,548.40$2,354.20$2,469.93
Cash to close$152,370$31,500$31,500