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$175,804$175,804$260,910
Remaining term (yrs)23.923.930.0
Secondary amount$0$85,106$0
Funding fee$0$0$0
Note rate3.030%3.030%7.400%
Blended rate3.880%5.550%7.640%
1st payment$859.79$859.79$1,806.49
2nd payment$0.00$638.29$0.00
Taxes / mo$156.67$156.67$156.67
Insurance / mo$150.00$150.00$150.00
MI / mo$143.90$143.90$52.18
HOA / mo$95.00$95.00$95.00
Total monthly$1,405.35$2,043.65$2,260.34
Cash to close$114,096$28,990$28,990