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$175,192$175,192$211,500
Remaining term (yrs)23.623.630.0
Secondary amount$0$36,308$0
Funding fee$0$0$0
Note rate3.330%3.330%7.320%
Blended rate4.180%5.007%7.560%
1st payment$890.31$890.31$1,452.86
2nd payment$0.00$272.31$0.00
Taxes / mo$247.67$247.67$247.67
Insurance / mo$150.00$150.00$150.00
MI / mo$143.45$143.45$42.30
HOA / mo$280.00$280.00$280.00
Total monthly$1,711.43$1,983.74$2,172.82
Cash to close$59,808$23,500$23,500