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$177,493$177,493$251,996
Remaining term (yrs)22.922.930.0
Secondary amount$0$74,502$0
Funding fee$0$0$0
Note rate3.580%3.580%7.320%
Blended rate4.430%5.781%7.560%
1st payment$942.49$942.49$1,731.03
2nd payment$0.00$558.77$0.00
Taxes / mo$329.50$329.50$329.50
Insurance / mo$150.00$150.00$150.00
MI / mo$147.20$147.20$50.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,569.19$2,127.96$2,260.93
Cash to close$102,502$28,000$28,000