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$177,621$177,621$269,910
Remaining term (yrs)23.123.130.0
Secondary amount$0$92,289$0
Funding fee$0$0$0
Note rate3.750%3.750%7.320%
Blended rate4.600%6.104%7.560%
1st payment$954.93$954.93$1,854.09
2nd payment$0.00$692.17$0.00
Taxes / mo$245.35$245.35$245.35
Insurance / mo$150.00$150.00$150.00
MI / mo$146.06$146.06$53.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,496.33$2,188.50$2,303.42
Cash to close$122,279$29,990$29,990