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$162,794$162,794$323,999
Remaining term (yrs)20.820.830.0
Secondary amount$0$161,205$0
Funding fee$0$0$0
Note rate3.910%3.910%7.320%
Blended rate4.760%6.372%7.560%
1st payment$950.56$950.56$2,225.65
2nd payment$0.00$1,074.70$0.00
Taxes / mo$444.17$444.17$444.17
Insurance / mo$150.00$150.00$150.00
MI / mo$142.58$142.58$64.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,687.30$2,762.00$2,884.62
Cash to close$197,205$36,000$36,000