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$181,760$181,760$323,910
Remaining term (yrs)24.524.530.0
Secondary amount$0$142,150$0
Funding fee$0$0$0
Note rate3.050%3.050%7.400%
Blended rate3.900%5.699%7.640%
1st payment$874.48$874.48$2,242.69
2nd payment$0.00$947.66$0.00
Taxes / mo$306.58$306.58$306.58
Insurance / mo$150.00$150.00$150.00
MI / mo$145.99$145.99$64.78
HOA / mo$0.00$0.00$0.00
Total monthly$1,477.05$2,424.71$2,764.05
Cash to close$178,140$35,990$35,990