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$183,261$183,261$333,000
Remaining term (yrs)20.920.930.0
Secondary amount$0$149,739$0
Funding fee$0$0$0
Note rate3.860%3.860%7.320%
Blended rate4.710%6.189%7.560%
1st payment$1,059.74$1,059.74$2,287.48
2nd payment$0.00$998.26$0.00
Taxes / mo$419.92$419.92$419.92
Insurance / mo$150.00$150.00$150.00
MI / mo$159.92$159.92$66.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,789.58$2,787.84$2,924.00
Cash to close$186,739$37,000$37,000