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$195,237$195,237$287,100
Remaining term (yrs)24.524.530.0
Secondary amount$0$91,863$0
Funding fee$0$0$0
Note rate3.180%3.180%7.400%
Blended rate4.030%5.620%7.640%
1st payment$952.58$952.58$1,987.82
2nd payment$0.00$688.97$0.00
Taxes / mo$372.17$372.17$372.17
Insurance / mo$150.00$150.00$150.00
MI / mo$156.42$156.42$57.42
HOA / mo$0.00$0.00$0.00
Total monthly$1,631.17$2,320.14$2,567.41
Cash to close$123,763$31,900$31,900