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$174,445$174,445$207,000
Remaining term (yrs)23.423.430.0
Secondary amount$0$32,555$0
Funding fee$0$0$0
Note rate3.620%3.620%7.400%
Blended rate4.470%5.182%7.640%
1st payment$917.40$917.40$1,433.23
2nd payment$0.00$244.16$0.00
Taxes / mo$137.58$137.58$137.58
Insurance / mo$150.00$150.00$150.00
MI / mo$142.58$142.58$41.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,347.56$1,591.72$1,762.21
Cash to close$55,555$23,000$23,000