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$175,271$175,271$310,399
Remaining term (yrs)23.923.930.0
Secondary amount$0$135,128$0
Funding fee$0$0$0
Note rate3.160%3.160%7.320%
Blended rate4.010%5.747%7.560%
1st payment$867.00$867.00$2,132.23
2nd payment$0.00$900.85$0.00
Taxes / mo$88.08$88.08$88.08
Insurance / mo$150.00$150.00$150.00
MI / mo$142.73$142.73$62.08
HOA / mo$0.00$0.00$0.00
Total monthly$1,247.81$2,148.66$2,432.39
Cash to close$169,617$34,489$34,489