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$173,294$173,294$256,500
Remaining term (yrs)25.325.330.0
Secondary amount$0$83,206$0
Funding fee$0$0$0
Note rate3.110%3.110%7.400%
Blended rate3.960%5.595%7.640%
1st payment$822.72$822.72$1,775.95
2nd payment$0.00$624.04$0.00
Taxes / mo$84.42$84.42$84.42
Insurance / mo$150.00$150.00$150.00
MI / mo$136.30$136.30$51.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,193.43$1,817.48$2,061.67
Cash to close$111,706$28,500$28,500