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$176,356$176,356$243,000
Remaining term (yrs)25.225.230.0
Secondary amount$0$66,644$0
Funding fee$0$0$0
Note rate3.070%3.070%7.400%
Blended rate3.920%5.313%7.640%
1st payment$835.37$835.37$1,682.48
2nd payment$0.00$499.83$0.00
Taxes / mo$78.17$78.17$78.17
Insurance / mo$150.00$150.00$150.00
MI / mo$139.10$139.10$48.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,202.63$1,702.46$1,959.25
Cash to close$93,644$27,000$27,000