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$181,371$181,371$256,500
Remaining term (yrs)24.624.630.0
Secondary amount$0$75,129$0
Funding fee$0$0$0
Note rate3.180%3.180%7.320%
Blended rate4.030%5.486%7.560%
1st payment$882.97$882.97$1,761.98
2nd payment$0.00$563.47$0.00
Taxes / mo$292.33$292.33$292.33
Insurance / mo$150.00$150.00$150.00
MI / mo$144.99$144.99$51.30
HOA / mo$375.00$375.00$375.00
Total monthly$1,845.29$2,408.75$2,630.61
Cash to close$103,629$28,500$28,500