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$162,189$162,189$229,410
Remaining term (yrs)23.323.330.0
Secondary amount$0$67,221$0
Funding fee$0$0$0
Note rate3.730%3.730%7.400%
Blended rate4.580%5.875%7.640%
1st payment$866.33$866.33$1,588.39
2nd payment$0.00$504.16$0.00
Taxes / mo$159.25$159.25$159.25
Insurance / mo$150.00$150.00$150.00
MI / mo$132.83$132.83$45.88
HOA / mo$124.00$124.00$124.00
Total monthly$1,432.41$1,936.57$2,067.52
Cash to close$92,711$25,490$25,490