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$144,523$144,523$171,000
Remaining term (yrs)23.823.830.0
Secondary amount$0$26,477$0
Funding fee$0$0$0
Note rate3.160%3.160%7.320%
Blended rate4.010%4.783%7.560%
1st payment$718.23$718.23$1,174.65
2nd payment$0.00$198.58$0.00
Taxes / mo$126.50$126.50$126.50
Insurance / mo$150.00$150.00$150.00
MI / mo$118.24$118.24$34.20
HOA / mo$464.00$464.00$464.00
Total monthly$1,576.96$1,775.54$1,949.35
Cash to close$45,477$19,000$19,000