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$183,644$183,644$334,800
Remaining term (yrs)19.619.630.0
Secondary amount$0$151,156$0
Funding fee$0$0$0
Note rate3.170%3.170%7.320%
Blended rate4.020%5.817%7.560%
1st payment$1,043.57$1,043.57$2,299.84
2nd payment$0.00$1,007.71$0.00
Taxes / mo$827.25$827.25$827.25
Insurance / mo$150.00$150.00$150.00
MI / mo$153.01$153.01$66.96
HOA / mo$0.00$0.00$0.00
Total monthly$2,173.83$3,181.54$3,344.05
Cash to close$188,356$37,200$37,200