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$162,224$162,224$251,010
Remaining term (yrs)23.823.830.0
Secondary amount$0$88,786$0
Funding fee$0$0$0
Note rate3.000%3.000%7.320%
Blended rate3.850%5.672%7.560%
1st payment$792.74$792.74$1,724.26
2nd payment$0.00$665.89$0.00
Taxes / mo$480.83$480.83$480.83
Insurance / mo$150.00$150.00$150.00
MI / mo$133.19$133.19$50.20
HOA / mo$180.00$180.00$180.00
Total monthly$1,736.76$2,402.66$2,585.30
Cash to close$116,676$27,890$27,890