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$175,209$175,209$310,410
Remaining term (yrs)20.920.930.0
Secondary amount$0$135,201$0
Funding fee$0$0$0
Note rate3.920%3.920%7.400%
Blended rate4.770%6.177%7.640%
1st payment$1,021.35$1,021.35$2,149.22
2nd payment$0.00$901.34$0.00
Taxes / mo$288.08$288.08$288.08
Insurance / mo$150.00$150.00$150.00
MI / mo$153.01$153.01$62.08
HOA / mo$0.00$0.00$0.00
Total monthly$1,612.44$2,513.78$2,649.38
Cash to close$169,691$34,490$34,490