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$172,809$172,809$211,500
Remaining term (yrs)25.525.530.0
Secondary amount$0$38,691$0
Funding fee$0$0$0
Note rate3.760%3.760%7.400%
Blended rate4.610%5.413%7.640%
1st payment$875.50$875.50$1,464.38
2nd payment$0.00$290.19$0.00
Taxes / mo$356.25$356.25$356.25
Insurance / mo$150.00$150.00$150.00
MI / mo$133.74$133.74$42.30
HOA / mo$40.00$40.00$40.00
Total monthly$1,555.49$1,845.68$2,052.93
Cash to close$62,191$23,500$23,500