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$166,632$166,632$202,500
Remaining term (yrs)25.025.030.0
Secondary amount$0$35,868$0
Funding fee$0$0$0
Note rate3.010%3.010%7.400%
Blended rate3.860%4.770%7.640%
1st payment$787.54$787.54$1,402.07
2nd payment$0.00$269.01$0.00
Taxes / mo$212.25$212.25$212.25
Insurance / mo$150.00$150.00$150.00
MI / mo$132.15$132.15$40.50
HOA / mo$379.00$379.00$379.00
Total monthly$1,660.94$1,929.95$2,183.82
Cash to close$58,368$22,500$22,500