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$174,351$174,351$225,000
Remaining term (yrs)24.424.430.0
Secondary amount$0$50,649$0
Funding fee$0$0$0
Note rate3.000%3.000%7.320%
Blended rate3.850%5.009%7.560%
1st payment$836.21$836.21$1,545.59
2nd payment$0.00$379.87$0.00
Taxes / mo$124.67$124.67$124.67
Insurance / mo$150.00$150.00$150.00
MI / mo$140.49$140.49$45.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,251.37$1,631.24$1,865.26
Cash to close$75,649$25,000$25,000