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$182,311$182,311$278,100
Remaining term (yrs)23.723.730.0
Secondary amount$0$95,789$0
Funding fee$0$0$0
Note rate3.150%3.150%7.400%
Blended rate4.000%5.722%7.640%
1st payment$907.20$907.20$1,925.51
2nd payment$0.00$718.42$0.00
Taxes / mo$297.92$297.92$297.92
Insurance / mo$150.00$150.00$150.00
MI / mo$149.53$149.53$55.62
HOA / mo$237.00$237.00$237.00
Total monthly$1,741.65$2,460.06$2,666.04
Cash to close$126,689$30,900$30,900