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$164,909$164,909$269,910
Remaining term (yrs)24.524.530.0
Secondary amount$0$105,001$0
Funding fee$0$0$0
Note rate3.170%3.170%7.320%
Blended rate4.020%5.568%7.560%
1st payment$803.74$803.74$1,854.09
2nd payment$0.00$700.01$0.00
Taxes / mo$114.33$114.33$114.33
Insurance / mo$150.00$150.00$150.00
MI / mo$132.15$132.15$53.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,200.22$1,900.23$2,172.41
Cash to close$134,991$29,990$29,990