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$163,675$163,675$242,100
Remaining term (yrs)23.623.630.0
Secondary amount$0$78,425$0
Funding fee$0$0$0
Note rate3.260%3.260%7.320%
Blended rate4.110%5.694%7.560%
1st payment$825.77$825.77$1,663.06
2nd payment$0.00$588.18$0.00
Taxes / mo$170.67$170.67$170.67
Insurance / mo$150.00$150.00$150.00
MI / mo$134.23$134.23$48.42
HOA / mo$30.00$30.00$30.00
Total monthly$1,310.67$1,898.86$2,062.15
Cash to close$105,325$26,900$26,900