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$186,837$186,837$324,000
Remaining term (yrs)24.824.830.0
Secondary amount$0$137,163$0
Funding fee$0$0$0
Note rate3.000%3.000%7.320%
Blended rate3.850%5.607%7.560%
1st payment$887.99$887.99$2,225.66
2nd payment$0.00$914.42$0.00
Taxes / mo$240.17$240.17$240.17
Insurance / mo$150.00$150.00$150.00
MI / mo$149.19$149.19$64.80
HOA / mo$68.00$68.00$68.00
Total monthly$1,495.35$2,409.77$2,748.62
Cash to close$173,163$36,000$36,000