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$179,270$179,270$229,410
Remaining term (yrs)25.125.130.0
Secondary amount$0$50,140$0
Funding fee$0$0$0
Note rate3.050%3.050%7.400%
Blended rate3.900%5.015%7.640%
1st payment$849.15$849.15$1,588.39
2nd payment$0.00$376.05$0.00
Taxes / mo$151.25$151.25$151.25
Insurance / mo$150.00$150.00$150.00
MI / mo$141.76$141.76$45.88
HOA / mo$0.00$0.00$0.00
Total monthly$1,292.15$1,668.20$1,935.52
Cash to close$75,630$25,490$25,490