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$186,408$186,408$354,600
Remaining term (yrs)24.624.630.0
Secondary amount$0$168,192$0
Funding fee$0$0$0
Note rate3.060%3.060%7.320%
Blended rate3.910%5.850%7.560%
1st payment$895.79$895.79$2,435.86
2nd payment$0.00$1,121.28$0.00
Taxes / mo$328.33$328.33$328.33
Insurance / mo$150.00$150.00$150.00
MI / mo$149.35$149.35$70.92
HOA / mo$560.00$560.00$560.00
Total monthly$2,083.47$3,204.75$3,545.11
Cash to close$207,592$39,400$39,400