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$180,628$180,628$225,000
Remaining term (yrs)25.125.130.0
Secondary amount$0$44,372$0
Funding fee$0$0$0
Note rate3.120%3.120%7.400%
Blended rate3.970%4.962%7.640%
1st payment$862.20$862.20$1,557.85
2nd payment$0.00$332.79$0.00
Taxes / mo$348.42$348.42$348.42
Insurance / mo$150.00$150.00$150.00
MI / mo$142.66$142.66$45.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,503.27$1,836.07$2,101.27
Cash to close$69,372$25,000$25,000