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$182,658$182,658$251,910
Remaining term (yrs)23.823.830.0
Secondary amount$0$69,252$0
Funding fee$0$0$0
Note rate3.130%3.130%7.400%
Blended rate3.980%5.360%7.640%
1st payment$904.90$904.90$1,744.17
2nd payment$0.00$519.39$0.00
Taxes / mo$85.50$85.50$85.50
Insurance / mo$150.00$150.00$150.00
MI / mo$149.53$149.53$50.38
HOA / mo$220.00$220.00$220.00
Total monthly$1,509.93$2,029.32$2,250.06
Cash to close$97,242$27,990$27,990