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$178,689$178,689$247,500
Remaining term (yrs)25.325.330.0
Secondary amount$0$68,811$0
Funding fee$0$0$0
Note rate3.110%3.110%7.400%
Blended rate3.960%5.361%7.640%
1st payment$848.33$848.33$1,713.64
2nd payment$0.00$516.08$0.00
Taxes / mo$254.83$254.83$254.83
Insurance / mo$150.00$150.00$150.00
MI / mo$140.54$140.54$49.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,393.70$1,909.79$2,167.97
Cash to close$96,311$27,500$27,500