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$163,565$163,565$224,100
Remaining term (yrs)25.325.330.0
Secondary amount$0$60,535$0
Funding fee$0$0$0
Note rate3.100%3.100%7.320%
Blended rate3.950%5.314%7.560%
1st payment$775.67$775.67$1,539.41
2nd payment$0.00$454.01$0.00
Taxes / mo$406.08$406.08$406.08
Insurance / mo$150.00$150.00$150.00
MI / mo$128.67$128.67$44.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,460.42$1,914.43$2,140.31
Cash to close$85,435$24,900$24,900