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$179,161$179,161$233,910
Remaining term (yrs)25.325.330.0
Secondary amount$0$54,749$0
Funding fee$0$0$0
Note rate3.070%3.070%7.320%
Blended rate3.920%5.109%7.560%
1st payment$846.81$846.81$1,606.80
2nd payment$0.00$410.62$0.00
Taxes / mo$306.25$306.25$306.25
Insurance / mo$150.00$150.00$150.00
MI / mo$141.01$141.01$46.78
HOA / mo$0.00$0.00$0.00
Total monthly$1,444.06$1,854.68$2,109.83
Cash to close$80,739$25,990$25,990