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$185,828$185,828$209,700
Remaining term (yrs)25.425.430.0
Secondary amount$0$35,522$0
Funding fee$0$0$0
Note rate3.050%3.050%7.400%
Blended rate3.900%5.180%7.640%
1st payment$874.48$874.48$1,451.92
2nd payment$0.00$351.52$0.00
Taxes / mo$247.17$247.17$247.17
Insurance / mo$150.00$150.00$150.00
MI / mo$145.99$145.99$41.94
HOA / mo$0.00$0.00$0.00
Total monthly$1,417.63$1,769.15$1,891.03
Cash to close$47,172$11,650$23,300