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$176,452$176,452$269,100
Remaining term (yrs)24.624.630.0
Secondary amount$0$92,648$0
Funding fee$0$0$0
Note rate3.130%3.130%7.320%
Blended rate3.980%5.708%7.560%
1st payment$854.39$854.39$1,848.53
2nd payment$0.00$694.86$0.00
Taxes / mo$170.33$170.33$170.33
Insurance / mo$150.00$150.00$150.00
MI / mo$141.19$141.19$53.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,315.91$2,010.77$2,222.68
Cash to close$122,548$29,900$29,900