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$184,180$184,180$265,500
Remaining term (yrs)23.723.730.0
Secondary amount$0$81,320$0
Funding fee$0$0$0
Note rate3.280%3.280%7.400%
Blended rate4.130%5.622%7.640%
1st payment$929.00$929.00$1,838.27
2nd payment$0.00$609.90$0.00
Taxes / mo$553.33$553.33$553.33
Insurance / mo$150.00$150.00$150.00
MI / mo$150.63$150.63$53.10
HOA / mo$118.67$118.67$118.67
Total monthly$1,901.64$2,511.54$2,713.37
Cash to close$110,820$29,500$29,500