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$185,734$185,734$324,000
Remaining term (yrs)23.223.230.0
Secondary amount$0$138,266$0
Funding fee$0$0$0
Note rate3.570%3.570%7.400%
Blended rate4.420%5.948%7.640%
1st payment$978.46$978.46$2,243.31
2nd payment$0.00$921.78$0.00
Taxes / mo$339.67$339.67$339.67
Insurance / mo$150.00$150.00$150.00
MI / mo$153.01$153.01$64.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,621.14$2,542.92$2,797.78
Cash to close$174,266$36,000$36,000