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$182,057$182,057$269,910
Remaining term (yrs)23.023.030.0
Secondary amount$0$87,853$0
Funding fee$0$0$0
Note rate3.500%3.500%7.400%
Blended rate4.350%5.864%7.640%
1st payment$956.78$956.78$1,868.80
2nd payment$0.00$658.90$0.00
Taxes / mo$255.75$255.75$255.75
Insurance / mo$150.00$150.00$150.00
MI / mo$150.92$150.92$53.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,513.45$2,172.35$2,328.53
Cash to close$117,843$29,990$29,990