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$181,793$181,793$445,500
Remaining term (yrs)23.323.330.0
Secondary amount$0$263,707$0
Funding fee$0$0$0
Note rate3.160%3.160%7.320%
Blended rate4.010%6.224%7.560%
1st payment$916.38$916.38$3,060.28
2nd payment$0.00$1,703.11$0.00
Taxes / mo$487.17$487.17$487.17
Insurance / mo$166.67$166.67$166.67
MI / mo$150.86$150.86$89.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,721.07$3,424.17$3,803.21
Cash to close$313,207$49,500$49,500