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$176,247$176,247$309,510
Remaining term (yrs)23.823.830.0
Secondary amount$0$133,263$0
Funding fee$0$0$0
Note rate3.230%3.230%7.400%
Blended rate4.080%5.768%7.640%
1st payment$882.33$882.33$2,142.98
2nd payment$0.00$888.42$0.00
Taxes / mo$467.17$467.17$467.17
Insurance / mo$150.00$150.00$150.00
MI / mo$143.97$143.97$61.90
HOA / mo$21.67$21.67$21.67
Total monthly$1,665.14$2,553.56$2,843.73
Cash to close$167,653$34,390$34,390