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$179,127$179,127$274,410
Remaining term (yrs)24.824.830.0
Secondary amount$0$95,283$0
Funding fee$0$0$0
Note rate3.020%3.020%7.400%
Blended rate3.870%5.651%7.640%
1st payment$853.21$853.21$1,899.96
2nd payment$0.00$714.62$0.00
Taxes / mo$297.44$297.44$297.44
Insurance / mo$150.00$150.00$150.00
MI / mo$142.98$142.98$54.88
HOA / mo$60.00$60.00$60.00
Total monthly$1,503.63$2,218.26$2,462.28
Cash to close$125,773$30,490$30,490