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$182,966$182,966$265,410
Remaining term (yrs)23.423.430.0
Secondary amount$0$82,444$0
Funding fee$0$0$0
Note rate3.360%3.360%7.320%
Blended rate4.210%5.698%7.560%
1st payment$937.02$937.02$1,823.18
2nd payment$0.00$618.33$0.00
Taxes / mo$347.25$347.25$347.25
Insurance / mo$150.00$150.00$150.00
MI / mo$150.41$150.41$53.08
HOA / mo$265.00$265.00$265.00
Total monthly$1,849.68$2,468.01$2,638.51
Cash to close$111,934$29,490$29,490