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$186,285$186,285$269,550
Remaining term (yrs)24.524.530.0
Secondary amount$0$83,265$0
Funding fee$0$0$0
Note rate3.080%3.080%7.400%
Blended rate3.930%5.496%7.640%
1st payment$899.16$899.16$1,866.31
2nd payment$0.00$624.49$0.00
Taxes / mo$85.25$85.25$85.25
Insurance / mo$150.00$150.00$150.00
MI / mo$149.53$149.53$53.91
HOA / mo$0.00$0.00$0.00
Total monthly$1,283.94$1,908.43$2,155.47
Cash to close$113,215$29,950$29,950