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$173,493$173,493$288,000
Remaining term (yrs)24.424.430.0
Secondary amount$0$114,507$0
Funding fee$0$0$0
Note rate3.020%3.020%7.320%
Blended rate3.870%5.512%7.560%
1st payment$833.90$833.90$1,978.36
2nd payment$0.00$763.38$0.00
Taxes / mo$192.75$192.75$192.75
Insurance / mo$150.00$150.00$150.00
MI / mo$139.74$139.74$57.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,316.39$2,079.77$2,378.71
Cash to close$146,507$32,000$32,000