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$167,581$167,581$265,500
Remaining term (yrs)23.223.230.0
Secondary amount$0$97,919$0
Funding fee$0$0$0
Note rate3.680%3.680%7.400%
Blended rate4.530%6.179%7.640%
1st payment$892.65$892.65$1,838.27
2nd payment$0.00$734.39$0.00
Taxes / mo$206.50$206.50$206.50
Insurance / mo$150.00$150.00$150.00
MI / mo$137.71$137.71$53.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,386.86$2,121.26$2,247.87
Cash to close$127,419$29,500$29,500