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$186,173$186,173$260,910
Remaining term (yrs)25.325.330.0
Secondary amount$0$74,737$0
Funding fee$0$0$0
Note rate3.100%3.100%7.400%
Blended rate3.950%5.397%7.640%
1st payment$882.88$882.88$1,806.49
2nd payment$0.00$560.53$0.00
Taxes / mo$123.50$123.50$123.50
Insurance / mo$150.00$150.00$150.00
MI / mo$146.45$146.45$52.18
HOA / mo$0.00$0.00$0.00
Total monthly$1,302.83$1,863.36$2,132.17
Cash to close$103,727$28,990$28,990