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$184,010$184,010$337,500
Remaining term (yrs)11.911.930.0
Secondary amount$0$153,490$0
Funding fee$0$0$0
Note rate3.030%3.030%7.320%
Blended rate3.880%5.754%7.560%
1st payment$1,517.07$1,517.07$2,318.39
2nd payment$0.00$1,023.27$0.00
Taxes / mo$456.58$456.58$456.58
Insurance / mo$150.00$150.00$150.00
MI / mo$178.74$178.74$67.50
HOA / mo$173.00$173.00$173.00
Total monthly$2,475.40$3,498.67$3,165.47
Cash to close$190,990$37,500$37,500