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$186,517$186,517$315,000
Remaining term (yrs)23.623.630.0
Secondary amount$0$128,483$0
Funding fee$0$0$0
Note rate3.310%3.310%7.320%
Blended rate4.160%5.726%7.560%
1st payment$945.90$945.90$2,163.83
2nd payment$0.00$856.55$0.00
Taxes / mo$84.75$84.75$84.75
Insurance / mo$150.00$150.00$150.00
MI / mo$152.79$152.79$63.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,333.45$2,190.00$2,461.58
Cash to close$163,483$35,000$35,000