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$178,120$178,120$220,500
Remaining term (yrs)25.225.230.0
Secondary amount$0$42,380$0
Funding fee$0$0$0
Note rate3.070%3.070%7.400%
Blended rate3.920%4.896%7.640%
1st payment$843.72$843.72$1,526.70
2nd payment$0.00$317.85$0.00
Taxes / mo$200.55$200.55$200.55
Insurance / mo$150.00$150.00$150.00
MI / mo$140.49$140.49$44.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,334.76$1,652.61$1,921.35
Cash to close$66,880$24,500$24,500