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$182,254$182,254$279,000
Remaining term (yrs)23.823.830.0
Secondary amount$0$96,746$0
Funding fee$0$0$0
Note rate3.030%3.030%7.400%
Blended rate3.880%5.655%7.640%
1st payment$893.45$893.45$1,931.74
2nd payment$0.00$725.59$0.00
Taxes / mo$374.42$374.42$374.42
Insurance / mo$150.00$150.00$150.00
MI / mo$149.53$149.53$55.80
HOA / mo$315.00$315.00$315.00
Total monthly$1,882.40$2,607.99$2,826.96
Cash to close$127,746$31,000$31,000