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$175,776$175,776$287,910
Remaining term (yrs)21.421.430.0
Secondary amount$0$112,134$0
Funding fee$0$0$0
Note rate4.320%4.320%7.320%
Blended rate5.170%6.272%7.560%
1st payment$1,047.13$1,047.13$1,977.74
2nd payment$0.00$747.56$0.00
Taxes / mo$179.25$179.25$179.25
Insurance / mo$150.00$150.00$150.00
MI / mo$149.53$149.53$57.58
HOA / mo$9.17$9.17$9.17
Total monthly$1,535.08$2,282.63$2,373.74
Cash to close$144,124$31,990$31,990