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$182,088$182,088$301,500
Remaining term (yrs)23.623.630.0
Secondary amount$0$119,412$0
Funding fee$0$0$0
Note rate3.200%3.200%7.400%
Blended rate4.050%5.614%7.640%
1st payment$912.96$912.96$2,087.53
2nd payment$0.00$796.08$0.00
Taxes / mo$268.00$268.00$268.00
Insurance / mo$150.00$150.00$150.00
MI / mo$149.53$149.53$60.30
HOA / mo$50.00$50.00$50.00
Total monthly$1,530.49$2,326.58$2,615.83
Cash to close$152,912$33,500$33,500