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$176,327$176,327$234,810
Remaining term (yrs)25.325.330.0
Secondary amount$0$58,483$0
Funding fee$0$0$0
Note rate3.550%3.550%7.400%
Blended rate4.400%5.546%7.640%
1st payment$878.44$878.44$1,625.78
2nd payment$0.00$438.62$0.00
Taxes / mo$217.42$217.42$217.42
Insurance / mo$150.00$150.00$150.00
MI / mo$137.71$137.71$46.96
HOA / mo$0.00$0.00$0.00
Total monthly$1,383.56$1,822.19$2,040.16
Cash to close$84,573$26,090$26,090