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$183,802$183,802$359,999
Remaining term (yrs)23.723.730.0
Secondary amount$0$176,197$0
Funding fee$0$0$0
Note rate3.100%3.100%7.320%
Blended rate3.950%5.932%7.560%
1st payment$909.84$909.84$2,472.94
2nd payment$0.00$1,174.65$0.00
Taxes / mo$489.25$489.25$489.25
Insurance / mo$150.00$150.00$150.00
MI / mo$150.92$150.92$72.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,700.01$2,874.66$3,184.19
Cash to close$216,197$40,000$40,000