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$182,298$182,298$314,640
Remaining term (yrs)22.922.930.0
Secondary amount$0$132,342$0
Funding fee$0$0$0
Note rate3.750%3.750%7.400%
Blended rate4.600%6.030%7.640%
1st payment$986.76$986.76$2,178.50
2nd payment$0.00$882.28$0.00
Taxes / mo$365.58$365.58$365.58
Insurance / mo$150.00$150.00$150.00
MI / mo$150.92$150.92$62.93
HOA / mo$0.00$0.00$0.00
Total monthly$1,653.26$2,535.55$2,757.02
Cash to close$167,302$34,960$34,960