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$161,296$161,296$270,000
Remaining term (yrs)23.623.630.0
Secondary amount$0$108,704$0
Funding fee$0$0$0
Note rate3.330%3.330%7.320%
Blended rate4.180%5.718%7.560%
1st payment$819.69$819.69$1,854.71
2nd payment$0.00$724.69$0.00
Taxes / mo$186.00$186.00$186.00
Insurance / mo$150.00$150.00$150.00
MI / mo$132.08$132.08$54.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,287.77$2,012.46$2,244.71
Cash to close$138,704$30,000$30,000