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$185,730$185,730$202,500
Remaining term (yrs)25.325.330.0
Secondary amount$0$28,020$0
Funding fee$0$0$0
Note rate3.120%3.120%7.320%
Blended rate3.970%5.006%7.560%
1st payment$882.73$882.73$1,391.03
2nd payment$0.00$277.28$0.00
Taxes / mo$187.50$187.50$187.50
Insurance / mo$150.00$150.00$150.00
MI / mo$146.06$146.06$40.50
HOA / mo$120.00$120.00$120.00
Total monthly$1,486.29$1,763.57$1,889.03
Cash to close$39,270$11,250$22,500