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$177,753$177,753$305,910
Remaining term (yrs)21.321.330.0
Secondary amount$0$128,157$0
Funding fee$0$0$0
Note rate3.950%3.950%7.400%
Blended rate4.800%6.141%7.640%
1st payment$1,026.03$1,026.03$2,118.06
2nd payment$0.00$854.38$0.00
Taxes / mo$193.17$193.17$193.17
Insurance / mo$150.00$150.00$150.00
MI / mo$153.15$153.15$61.18
HOA / mo$260.00$260.00$260.00
Total monthly$1,782.36$2,636.74$2,782.41
Cash to close$162,147$33,990$33,990