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$184,969$184,969$243,000
Remaining term (yrs)25.425.430.0
Secondary amount$0$58,031$0
Funding fee$0$0$0
Note rate3.560%3.560%7.320%
Blended rate4.410%5.506%7.560%
1st payment$920.64$920.64$1,669.24
2nd payment$0.00$435.23$0.00
Taxes / mo$306.42$306.42$306.42
Insurance / mo$150.00$150.00$150.00
MI / mo$144.15$144.15$48.60
HOA / mo$145.00$145.00$145.00
Total monthly$1,666.20$2,101.43$2,319.26
Cash to close$85,031$27,000$27,000