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$175,929$175,929$324,000
Remaining term (yrs)22.822.830.0
Secondary amount$0$148,071$0
Funding fee$0$0$0
Note rate3.730%3.730%7.320%
Blended rate4.580%6.143%7.560%
1st payment$952.59$952.59$2,225.66
2nd payment$0.00$987.14$0.00
Taxes / mo$124.67$124.67$124.67
Insurance / mo$150.00$150.00$150.00
MI / mo$146.06$146.06$64.80
HOA / mo$26.67$26.67$26.67
Total monthly$1,399.98$2,387.12$2,591.79
Cash to close$184,071$36,000$36,000