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$179,722$179,722$206,910
Remaining term (yrs)25.425.430.0
Secondary amount$0$27,188$0
Funding fee$0$0$0
Note rate3.890%3.890%7.400%
Blended rate4.740%5.300%7.640%
1st payment$925.12$925.12$1,432.60
2nd payment$0.00$203.91$0.00
Taxes / mo$72.08$72.08$72.08
Insurance / mo$150.00$150.00$150.00
MI / mo$139.10$139.10$41.38
HOA / mo$0.00$0.00$0.00
Total monthly$1,286.31$1,490.22$1,696.07
Cash to close$50,178$22,990$22,990