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$180,340$180,340$252,000
Remaining term (yrs)21.021.030.0
Secondary amount$0$71,660$0
Funding fee$0$0$0
Note rate3.820%3.820%7.400%
Blended rate4.670%5.901%7.640%
1st payment$1,036.38$1,036.38$1,744.80
2nd payment$0.00$537.45$0.00
Taxes / mo$510.75$510.75$510.75
Insurance / mo$150.00$150.00$150.00
MI / mo$157.16$157.16$50.40
HOA / mo$10.83$10.83$10.83
Total monthly$1,865.12$2,402.57$2,466.78
Cash to close$99,660$28,000$28,000