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$175,544$175,544$251,100
Remaining term (yrs)22.822.830.0
Secondary amount$0$75,556$0
Funding fee$0$0$0
Note rate3.840%3.840%7.320%
Blended rate4.690%5.987%7.560%
1st payment$960.84$960.84$1,724.88
2nd payment$0.00$566.67$0.00
Taxes / mo$518.83$518.83$518.83
Insurance / mo$150.00$150.00$150.00
MI / mo$145.35$145.35$50.22
HOA / mo$90.00$90.00$90.00
Total monthly$1,865.03$2,431.70$2,533.94
Cash to close$103,456$27,900$27,900