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$175,335$175,335$220,500
Remaining term (yrs)25.425.430.0
Secondary amount$0$45,165$0
Funding fee$0$0$0
Note rate3.550%3.550%7.320%
Blended rate4.400%5.342%7.560%
1st payment$871.74$871.74$1,514.68
2nd payment$0.00$338.74$0.00
Taxes / mo$236.00$236.00$236.00
Insurance / mo$150.00$150.00$150.00
MI / mo$136.66$136.66$44.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,394.39$1,733.13$1,944.78
Cash to close$69,665$24,500$24,500