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$182,924$182,924$306,000
Remaining term (yrs)22.622.630.0
Secondary amount$0$123,076$0
Funding fee$0$0$0
Note rate4.280%4.280%7.400%
Blended rate5.130%6.284%7.640%
1st payment$1,049.49$1,049.49$2,118.68
2nd payment$0.00$820.50$0.00
Taxes / mo$329.00$329.00$329.00
Insurance / mo$150.00$150.00$150.00
MI / mo$150.58$150.58$61.20
HOA / mo$248.00$248.00$248.00
Total monthly$1,927.07$2,747.57$2,906.88
Cash to close$157,076$34,000$34,000