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$166,049$166,049$270,000
Remaining term (yrs)21.021.030.0
Secondary amount$0$103,951$0
Funding fee$0$0$0
Note rate3.830%3.830%7.400%
Blended rate4.680%5.958%7.640%
1st payment$955.13$955.13$1,869.43
2nd payment$0.00$693.01$0.00
Taxes / mo$327.67$327.67$327.67
Insurance / mo$150.00$150.00$150.00
MI / mo$144.66$144.66$54.00
HOA / mo$176.33$176.33$176.33
Total monthly$1,753.79$2,446.80$2,577.42
Cash to close$133,951$30,000$30,000