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$172,404$172,404$292,500
Remaining term (yrs)21.121.130.0
Secondary amount$0$120,096$0
Funding fee$0$0$0
Note rate3.910%3.910%7.400%
Blended rate4.760%6.090%7.640%
1st payment$996.46$996.46$2,025.21
2nd payment$0.00$800.64$0.00
Taxes / mo$490.83$490.83$490.83
Insurance / mo$150.00$150.00$150.00
MI / mo$149.46$149.46$58.50
HOA / mo$56.67$56.67$56.67
Total monthly$1,843.43$2,644.07$2,781.21
Cash to close$152,596$32,500$32,500