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$166,243$166,243$207,000
Remaining term (yrs)25.425.430.0
Secondary amount$0$40,757$0
Funding fee$0$0$0
Note rate3.890%3.890%7.320%
Blended rate4.740%5.579%7.560%
1st payment$855.74$855.74$1,421.95
2nd payment$0.00$305.68$0.00
Taxes / mo$127.75$127.75$127.75
Insurance / mo$150.00$150.00$150.00
MI / mo$128.67$128.67$41.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,262.16$1,567.84$1,741.10
Cash to close$63,757$23,000$23,000