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$166,904$166,904$359,910
Remaining term (yrs)23.323.330.0
Secondary amount$0$193,006$0
Funding fee$0$0$0
Note rate3.750%3.750%7.320%
Blended rate4.600%6.423%7.560%
1st payment$893.31$893.31$2,472.33
2nd payment$0.00$1,286.71$0.00
Taxes / mo$106.42$106.42$106.42
Insurance / mo$150.00$150.00$150.00
MI / mo$136.63$136.63$71.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,286.36$2,573.06$2,800.73
Cash to close$232,996$39,990$39,990