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$185,455$185,455$386,910
Remaining term (yrs)25.125.130.0
Secondary amount$0$201,455$0
Funding fee$0$0$0
Note rate3.070%3.070%7.400%
Blended rate3.920%5.914%7.640%
1st payment$880.38$880.38$2,678.89
2nd payment$0.00$1,301.07$0.00
Taxes / mo$358.25$358.25$358.25
Insurance / mo$150.00$150.00$150.00
MI / mo$146.60$146.60$77.38
HOA / mo$316.00$316.00$316.00
Total monthly$1,851.23$3,152.29$3,580.52
Cash to close$244,445$42,990$42,990