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$178,217$178,217$274,500
Remaining term (yrs)22.722.730.0
Secondary amount$0$96,283$0
Funding fee$0$0$0
Note rate3.990%3.990%7.400%
Blended rate4.840%6.299%7.640%
1st payment$992.10$992.10$1,900.58
2nd payment$0.00$722.12$0.00
Taxes / mo$295.17$295.17$295.17
Insurance / mo$150.00$150.00$150.00
MI / mo$147.37$147.37$54.90
HOA / mo$0.00$0.00$0.00
Total monthly$1,584.64$2,306.76$2,400.65
Cash to close$126,783$30,500$30,500