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$181,546$181,546$355,500
Remaining term (yrs)21.721.730.0
Secondary amount$0$173,954$0
Funding fee$0$0$0
Note rate3.000%3.000%7.400%
Blended rate3.850%5.881%7.640%
1st payment$945.29$945.29$2,461.41
2nd payment$0.00$1,159.69$0.00
Taxes / mo$140.33$140.33$140.33
Insurance / mo$150.00$150.00$150.00
MI / mo$148.56$148.56$71.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,384.19$2,543.88$2,822.84
Cash to close$213,454$39,500$39,500