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$181,640$181,640$301,491
Remaining term (yrs)23.423.430.0
Secondary amount$0$119,851$0
Funding fee$0$0$0
Note rate3.290%3.290%7.400%
Blended rate4.140%5.674%7.640%
1st payment$925.72$925.72$2,087.46
2nd payment$0.00$799.00$0.00
Taxes / mo$170.33$170.33$170.33
Insurance / mo$150.00$150.00$150.00
MI / mo$149.91$149.91$60.30
HOA / mo$334.00$334.00$334.00
Total monthly$1,729.97$2,528.97$2,802.09
Cash to close$153,350$33,499$33,499