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$169,901$169,901$287,910
Remaining term (yrs)22.922.930.0
Secondary amount$0$118,009$0
Funding fee$0$0$0
Note rate3.600%3.600%7.320%
Blended rate4.450%5.905%7.560%
1st payment$903.98$903.98$1,977.74
2nd payment$0.00$786.73$0.00
Taxes / mo$118.50$118.50$118.50
Insurance / mo$150.00$150.00$150.00
MI / mo$140.84$140.84$57.58
HOA / mo$0.00$0.00$0.00
Total monthly$1,313.31$2,100.04$2,303.82
Cash to close$149,999$31,990$31,990