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$21,324$21,324$170,910
Remaining term (yrs)20.420.430.0
Secondary amount$0$149,586$0
Funding fee$0$0$0
Note rate3.550%3.550%7.400%
Blended rate4.400%7.551%7.640%
1st payment$121.81$121.81$1,183.35
2nd payment$0.00$997.24$0.00
Taxes / mo$594.83$594.83$594.83
Insurance / mo$150.00$150.00$150.00
MI / mo$17.14$17.14$34.18
HOA / mo$0.00$0.00$0.00
Total monthly$883.78$1,881.02$1,962.36
Cash to close$168,576$18,990$18,990