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$125,025$125,025$184,500
Remaining term (yrs)23.823.830.0
Secondary amount$0$59,475$0
Funding fee$0$0$0
Note rate3.180%3.180%7.400%
Blended rate4.030%5.632%7.640%
1st payment$622.63$622.63$1,277.44
2nd payment$0.00$446.07$0.00
Taxes / mo$192.17$192.17$192.17
Insurance / mo$150.00$150.00$150.00
MI / mo$102.24$102.24$36.90
HOA / mo$125.00$125.00$125.00
Total monthly$1,192.04$1,638.10$1,781.51
Cash to close$79,975$20,500$20,500