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$182,845$182,845$350,100
Remaining term (yrs)25.225.230.0
Secondary amount$0$167,255$0
Funding fee$0$0$0
Note rate3.100%3.100%7.320%
Blended rate3.950%5.885%7.560%
1st payment$868.98$868.98$2,404.94
2nd payment$0.00$1,115.03$0.00
Taxes / mo$324.17$324.17$324.17
Insurance / mo$150.00$150.00$150.00
MI / mo$144.15$144.15$70.02
HOA / mo$0.00$0.00$0.00
Total monthly$1,487.29$2,602.32$2,949.13
Cash to close$206,155$38,900$38,900