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$181,945$181,945$315,000
Remaining term (yrs)24.624.630.0
Secondary amount$0$133,055$0
Funding fee$0$0$0
Note rate2.960%2.960%7.400%
Blended rate3.810%5.580%7.640%
1st payment$864.89$864.89$2,181.00
2nd payment$0.00$887.03$0.00
Taxes / mo$162.83$162.83$162.83
Insurance / mo$150.00$150.00$150.00
MI / mo$146.06$146.06$63.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,323.78$2,210.81$2,556.83
Cash to close$168,055$35,000$35,000