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$33,989$33,989$180,000
Remaining term (yrs)7.47.430.0
Secondary amount$0$146,011$0
Funding fee$0$0$0
Note rate3.880%3.880%7.400%
Blended rate4.730%7.383%7.640%
1st payment$435.87$435.87$1,246.28
2nd payment$0.00$973.41$0.00
Taxes / mo$73.17$73.17$73.17
Insurance / mo$150.00$150.00$150.00
MI / mo$65.62$65.62$36.00
HOA / mo$264.00$264.00$264.00
Total monthly$988.65$1,962.06$1,769.45
Cash to close$166,011$20,000$20,000