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$164,735$164,735$270,000
Remaining term (yrs)23.323.330.0
Secondary amount$0$105,265$0
Funding fee$0$0$0
Note rate3.640%3.640%7.240%
Blended rate4.490%5.858%7.480%
1st payment$870.04$870.04$1,840.04
2nd payment$0.00$701.77$0.00
Taxes / mo$271.40$271.40$271.40
Insurance / mo$150.00$150.00$150.00
MI / mo$134.88$134.88$54.00
HOA / mo$195.00$195.00$195.00
Total monthly$1,621.32$2,323.09$2,510.44
Cash to close$135,265$30,000$30,000