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$184,258$184,258$440,910
Remaining term (yrs)25.325.330.0
Secondary amount$0$256,652$0
Funding fee$0$0$0
Note rate3.070%3.070%7.400%
Blended rate3.920%6.149%7.640%
1st payment$870.90$870.90$3,052.77
2nd payment$0.00$1,657.54$0.00
Taxes / mo$171.46$171.46$171.46
Insurance / mo$166.67$166.67$166.67
MI / mo$145.02$145.02$88.18
HOA / mo$36.00$36.00$36.00
Total monthly$1,390.04$3,047.58$3,515.08
Cash to close$305,642$48,990$48,990