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$175,445$175,445$252,000
Remaining term (yrs)20.920.930.0
Secondary amount$0$76,555$0
Funding fee$0$0$0
Note rate3.880%3.880%7.400%
Blended rate4.730%6.027%7.640%
1st payment$1,016.40$1,016.40$1,744.80
2nd payment$0.00$574.16$0.00
Taxes / mo$132.67$132.67$132.67
Insurance / mo$150.00$150.00$150.00
MI / mo$153.01$153.01$50.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,452.08$2,026.24$2,077.86
Cash to close$104,555$28,000$28,000