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$181,226$181,226$342,000
Remaining term (yrs)22.822.830.0
Secondary amount$0$160,774$0
Funding fee$0$0$0
Note rate3.840%3.840%7.320%
Blended rate4.690%6.246%7.560%
1st payment$991.94$991.94$2,349.30
2nd payment$0.00$1,071.83$0.00
Taxes / mo$138.17$138.17$138.17
Insurance / mo$150.00$150.00$150.00
MI / mo$150.06$150.06$68.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,430.17$2,501.99$2,705.87
Cash to close$198,774$38,000$38,000