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$180,204$180,204$341,100
Remaining term (yrs)22.922.930.0
Secondary amount$0$160,896$0
Funding fee$0$0$0
Note rate3.750%3.750%7.320%
Blended rate4.600%6.204%7.560%
1st payment$975.42$975.42$2,343.12
2nd payment$0.00$1,072.64$0.00
Taxes / mo$317.75$317.75$317.75
Insurance / mo$150.00$150.00$150.00
MI / mo$149.19$149.19$68.22
HOA / mo$6.25$6.25$6.25
Total monthly$1,598.61$2,671.25$2,885.34
Cash to close$198,796$37,900$37,900