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$184,187$184,187$296,100
Remaining term (yrs)22.422.430.0
Secondary amount$0$111,913$0
Funding fee$0$0$0
Note rate3.130%3.130%7.320%
Blended rate3.980%5.499%7.560%
1st payment$951.20$951.20$2,034.00
2nd payment$0.00$746.09$0.00
Taxes / mo$307.58$307.58$307.58
Insurance / mo$150.00$150.00$150.00
MI / mo$150.66$150.66$59.22
HOA / mo$126.67$126.67$126.67
Total monthly$1,686.12$2,432.20$2,677.47
Cash to close$144,813$32,900$32,900