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$186,551$186,551$285,255
Remaining term (yrs)23.723.730.0
Secondary amount$0$98,704$0
Funding fee$0$0$0
Note rate3.150%3.150%7.320%
Blended rate4.000%5.730%7.560%
1st payment$928.30$928.30$1,959.50
2nd payment$0.00$740.28$0.00
Taxes / mo$548.42$548.42$548.42
Insurance / mo$150.00$150.00$150.00
MI / mo$153.01$153.01$57.05
HOA / mo$0.00$0.00$0.00
Total monthly$1,779.72$2,520.00$2,714.97
Cash to close$130,399$31,695$31,695