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$177,042$177,042$301,500
Remaining term (yrs)22.722.730.0
Secondary amount$0$124,458$0
Funding fee$0$0$0
Note rate3.990%3.990%7.400%
Blended rate4.840%6.144%7.640%
1st payment$985.56$985.56$2,087.53
2nd payment$0.00$829.72$0.00
Taxes / mo$129.00$129.00$129.00
Insurance / mo$150.00$150.00$150.00
MI / mo$146.40$146.40$60.30
HOA / mo$118.00$118.00$118.00
Total monthly$1,528.96$2,358.68$2,544.83
Cash to close$157,958$33,500$33,500