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$173,718$173,718$229,500
Remaining term (yrs)23.323.330.0
Secondary amount$0$55,782$0
Funding fee$0$0$0
Note rate3.640%3.640%7.320%
Blended rate4.490%5.586%7.560%
1st payment$919.55$919.55$1,576.51
2nd payment$0.00$418.36$0.00
Taxes / mo$278.33$278.33$278.33
Insurance / mo$150.00$150.00$150.00
MI / mo$142.56$142.56$45.90
HOA / mo$0.00$0.00$0.00
Total monthly$1,490.45$1,908.81$2,050.74
Cash to close$81,282$25,500$25,500