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$181,828$181,828$215,910
Remaining term (yrs)23.923.930.0
Secondary amount$0$34,082$0
Funding fee$0$0$0
Note rate3.160%3.160%7.400%
Blended rate4.010%4.798%7.640%
1st payment$901.52$901.52$1,494.92
2nd payment$0.00$255.61$0.00
Taxes / mo$163.17$163.17$163.17
Insurance / mo$150.00$150.00$150.00
MI / mo$148.41$148.41$43.18
HOA / mo$465.00$465.00$465.00
Total monthly$1,828.10$2,083.71$2,316.27
Cash to close$58,072$23,990$23,990