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$178,528$178,528$265,500
Remaining term (yrs)23.823.830.0
Secondary amount$0$86,972$0
Funding fee$0$0$0
Note rate3.160%3.160%7.320%
Blended rate4.010%5.645%7.560%
1st payment$887.22$887.22$1,823.80
2nd payment$0.00$652.29$0.00
Taxes / mo$97.33$97.33$97.33
Insurance / mo$150.00$150.00$150.00
MI / mo$146.06$146.06$53.10
HOA / mo$190.00$190.00$190.00
Total monthly$1,470.61$2,122.90$2,314.23
Cash to close$116,472$29,500$29,500