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$179,241$179,241$265,500
Remaining term (yrs)24.524.530.0
Secondary amount$0$86,259$0
Funding fee$0$0$0
Note rate3.050%3.050%7.400%
Blended rate3.900%5.557%7.640%
1st payment$862.36$862.36$1,838.27
2nd payment$0.00$646.94$0.00
Taxes / mo$390.08$390.08$390.08
Insurance / mo$150.00$150.00$150.00
MI / mo$143.96$143.96$53.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,546.40$2,193.35$2,431.45
Cash to close$115,759$29,500$29,500