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$181,758$181,758$287,910
Remaining term (yrs)23.923.930.0
Secondary amount$0$106,152$0
Funding fee$0$0$0
Note rate3.020%3.020%7.320%
Blended rate3.870%5.393%7.560%
1st payment$885.87$885.87$1,977.74
2nd payment$0.00$707.68$0.00
Taxes / mo$589.25$589.25$589.25
Insurance / mo$150.00$150.00$150.00
MI / mo$148.45$148.45$57.58
HOA / mo$0.00$0.00$0.00
Total monthly$1,773.58$2,481.26$2,774.57
Cash to close$138,142$31,990$31,990