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$177,368$177,368$296,100
Remaining term (yrs)23.123.130.0
Secondary amount$0$118,732$0
Funding fee$0$0$0
Note rate3.690%3.690%7.320%
Blended rate4.540%5.927%7.560%
1st payment$947.87$947.87$2,034.00
2nd payment$0.00$791.55$0.00
Taxes / mo$552.24$552.24$552.24
Insurance / mo$150.00$150.00$150.00
MI / mo$146.05$146.05$59.22
HOA / mo$8.33$8.33$8.33
Total monthly$1,804.49$2,596.04$2,803.79
Cash to close$151,632$32,900$32,900