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$174,342$174,342$238,500
Remaining term (yrs)25.125.130.0
Secondary amount$0$64,158$0
Funding fee$0$0$0
Note rate1.000%1.000%7.400%
Blended rate1.850%3.773%7.640%
1st payment$651.32$651.32$1,651.33
2nd payment$0.00$481.19$0.00
Taxes / mo$175.25$175.25$175.25
Insurance / mo$150.00$150.00$150.00
MI / mo$143.44$143.44$47.70
HOA / mo$482.00$482.00$482.00
Total monthly$1,602.01$2,083.19$2,506.28
Cash to close$90,658$26,500$26,500