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$172,795$172,795$301,500
Remaining term (yrs)19.119.130.0
Secondary amount$0$128,705$0
Funding fee$0$0$0
Note rate3.890%3.890%7.320%
Blended rate4.740%6.132%7.560%
1st payment$1,063.89$1,063.89$2,071.10
2nd payment$0.00$858.03$0.00
Taxes / mo$344.67$344.67$344.67
Insurance / mo$150.00$150.00$150.00
MI / mo$159.97$159.97$60.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,718.53$2,576.56$2,626.06
Cash to close$162,205$33,500$33,500