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$181,356$181,356$269,100
Remaining term (yrs)23.023.030.0
Secondary amount$0$87,744$0
Funding fee$0$0$0
Note rate3.730%3.730%7.400%
Blended rate4.580%6.021%7.640%
1st payment$975.27$975.27$1,863.19
2nd payment$0.00$658.08$0.00
Taxes / mo$230.25$230.25$230.25
Insurance / mo$150.00$150.00$150.00
MI / mo$149.53$149.53$53.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,505.05$2,163.13$2,297.26
Cash to close$117,644$29,900$29,900