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$165,138$165,138$234,000
Remaining term (yrs)25.325.330.0
Secondary amount$0$68,862$0
Funding fee$0$0$0
Note rate3.050%3.050%7.320%
Blended rate3.900%5.401%7.560%
1st payment$777.12$777.12$1,607.42
2nd payment$0.00$516.46$0.00
Taxes / mo$132.50$132.50$132.50
Insurance / mo$150.00$150.00$150.00
MI / mo$129.73$129.73$46.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,189.35$1,705.81$1,936.72
Cash to close$94,862$26,000$26,000