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$177,731$177,731$288,000
Remaining term (yrs)24.524.530.0
Secondary amount$0$110,269$0
Funding fee$0$0$0
Note rate3.130%3.130%7.400%
Blended rate3.980%5.519%7.640%
1st payment$862.51$862.51$1,994.05
2nd payment$0.00$735.13$0.00
Taxes / mo$235.92$235.92$235.92
Insurance / mo$150.00$150.00$150.00
MI / mo$142.53$142.53$57.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,390.96$2,126.08$2,437.57
Cash to close$142,269$32,000$32,000