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$164,933$164,933$284,400
Remaining term (yrs)22.722.730.0
Secondary amount$0$119,467$0
Funding fee$0$0$0
Note rate3.820%3.820%7.320%
Blended rate4.670%6.069%7.560%
1st payment$903.05$903.05$1,953.63
2nd payment$0.00$796.44$0.00
Taxes / mo$244.50$244.50$244.50
Insurance / mo$150.00$150.00$150.00
MI / mo$136.94$136.94$56.88
HOA / mo$0.00$0.00$0.00
Total monthly$1,434.50$2,230.94$2,405.01
Cash to close$151,067$31,600$31,600