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$255,600
Remaining term (yrs)23.823.830.0
Secondary amount$0$79,796$0
Funding fee$0$0$0
Note rate3.030%3.030%7.240%
Blended rate3.880%5.478%7.480%
1st payment$859.79$859.79$1,741.91
2nd payment$0.00$598.47$0.00
Taxes / mo$156.67$156.67$156.67
Insurance / mo$150.00$150.00$150.00
MI / mo$143.90$143.90$51.12
HOA / mo$160.00$160.00$160.00
Total monthly$1,470.35$2,068.82$2,259.70
Cash to close$108,196$28,400$28,400