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$169,583$169,583$243,000
Remaining term (yrs)22.922.930.0
Secondary amount$0$73,417$0
Funding fee$0$0$0
Note rate3.600%3.600%7.400%
Blended rate4.450%5.825%7.640%
1st payment$904.39$904.39$1,682.48
2nd payment$0.00$550.63$0.00
Taxes / mo$448.08$448.08$448.08
Insurance / mo$150.00$150.00$150.00
MI / mo$140.90$140.90$48.60
HOA / mo$64.67$64.67$64.67
Total monthly$1,708.04$2,258.67$2,393.84
Cash to close$100,417$27,000$27,000