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$168,688$168,688$297,000
Remaining term (yrs)23.523.530.0
Secondary amount$0$128,312$0
Funding fee$0$0$0
Note rate3.470%3.470%7.320%
Blended rate4.320%5.910%7.560%
1st payment$871.69$871.69$2,040.18
2nd payment$0.00$855.41$0.00
Taxes / mo$101.25$101.25$101.25
Insurance / mo$150.00$150.00$150.00
MI / mo$138.02$138.02$59.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,260.96$2,116.37$2,350.83
Cash to close$161,312$33,000$33,000