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$204,429$204,429$346,500
Remaining term (yrs)23.923.930.0
Secondary amount$0$142,071$0
Funding fee$0$0$0
Note rate3.180%3.180%7.400%
Blended rate4.030%5.658%7.640%
1st payment$1,015.71$1,015.71$2,399.10
2nd payment$0.00$947.14$0.00
Taxes / mo$375.50$375.50$375.50
Insurance / mo$150.00$150.00$150.00
MI / mo$166.78$166.78$69.30
HOA / mo$17.00$17.00$17.00
Total monthly$1,725.00$2,672.14$3,010.90
Cash to close$180,571$38,500$38,500