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$174,326$174,326$188,910
Remaining term (yrs)25.025.030.0
Secondary amount$0$25,079$0
Funding fee$0$0$0
Note rate3.140%3.140%7.320%
Blended rate3.990%4.982%7.560%
1st payment$835.76$835.76$1,297.68
2nd payment$0.00$248.18$0.00
Taxes / mo$123.33$123.33$123.33
Insurance / mo$150.00$150.00$150.00
MI / mo$137.93$137.93$37.78
HOA / mo$0.00$0.00$0.00
Total monthly$1,247.03$1,495.21$1,608.80
Cash to close$35,574$10,495$20,990