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$185,136$185,136$296,910
Remaining term (yrs)24.824.830.0
Secondary amount$0$111,774$0
Funding fee$0$0$0
Note rate3.020%3.020%7.400%
Blended rate3.870%5.425%7.640%
1st payment$881.84$881.84$2,055.74
2nd payment$0.00$745.16$0.00
Taxes / mo$295.00$295.00$295.00
Insurance / mo$150.00$150.00$150.00
MI / mo$147.78$147.78$59.38
HOA / mo$4.33$4.33$4.33
Total monthly$1,478.94$2,224.10$2,564.46
Cash to close$144,764$32,990$32,990