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$173,564$173,564$332,100
Remaining term (yrs)23.523.530.0
Secondary amount$0$158,536$0
Funding fee$0$0$0
Note rate3.290%3.290%7.320%
Blended rate4.140%5.983%7.560%
1st payment$880.43$880.43$2,281.30
2nd payment$0.00$1,056.91$0.00
Taxes / mo$243.58$243.58$243.58
Insurance / mo$150.00$150.00$150.00
MI / mo$142.58$142.58$66.42
HOA / mo$4.50$4.50$4.50
Total monthly$1,421.10$2,478.00$2,745.80
Cash to close$195,436$36,900$36,900