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$182,978$182,978$210,600
Remaining term (yrs)24.824.830.0
Secondary amount$0$27,622$0
Funding fee$0$0$0
Note rate3.020%3.020%7.400%
Blended rate3.870%4.543%7.640%
1st payment$871.56$871.56$1,458.15
2nd payment$0.00$207.16$0.00
Taxes / mo$236.33$236.33$236.33
Insurance / mo$150.00$150.00$150.00
MI / mo$146.06$146.06$42.12
HOA / mo$0.00$0.00$0.00
Total monthly$1,403.95$1,611.11$1,886.61
Cash to close$51,022$23,400$23,400