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$186,781$186,781$243,000
Remaining term (yrs)23.623.630.0
Secondary amount$0$56,219$0
Funding fee$0$0$0
Note rate3.310%3.310%7.320%
Blended rate4.160%5.280%7.560%
1st payment$947.24$947.24$1,669.24
2nd payment$0.00$421.65$0.00
Taxes / mo$168.92$168.92$168.92
Insurance / mo$150.00$150.00$150.00
MI / mo$153.01$153.01$48.60
HOA / mo$467.00$467.00$467.00
Total monthly$1,886.17$2,307.81$2,503.76
Cash to close$83,219$27,000$27,000