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$171,972$171,972$323,910
Remaining term (yrs)21.121.130.0
Secondary amount$0$151,938$0
Funding fee$0$0$0
Note rate3.810%3.810%7.320%
Blended rate4.660%6.227%7.560%
1st payment$984.86$984.86$2,225.04
2nd payment$0.00$1,012.92$0.00
Taxes / mo$144.50$144.50$144.50
Insurance / mo$150.00$150.00$150.00
MI / mo$149.53$149.53$64.78
HOA / mo$0.00$0.00$0.00
Total monthly$1,428.89$2,441.81$2,584.32
Cash to close$187,928$35,990$35,990