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$166,756$166,756$247,500
Remaining term (yrs)22.922.930.0
Secondary amount$0$80,744$0
Funding fee$0$0$0
Note rate3.750%3.750%7.320%
Blended rate4.600%6.035%7.560%
1st payment$902.63$902.63$1,700.15
2nd payment$0.00$605.58$0.00
Taxes / mo$211.42$211.42$211.42
Insurance / mo$150.00$150.00$150.00
MI / mo$138.06$138.06$49.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,402.10$2,007.68$2,111.07
Cash to close$108,244$27,500$27,500