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$174,563$174,563$228,600
Remaining term (yrs)23.923.930.0
Secondary amount$0$54,037$0
Funding fee$0$0$0
Note rate3.020%3.020%7.400%
Blended rate3.870%5.083%7.640%
1st payment$850.80$850.80$1,582.78
2nd payment$0.00$405.28$0.00
Taxes / mo$211.67$211.67$211.67
Insurance / mo$150.00$150.00$150.00
MI / mo$142.58$142.58$45.72
HOA / mo$240.00$240.00$240.00
Total monthly$1,595.05$2,000.33$2,230.17
Cash to close$79,437$25,400$25,400