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$181,770$181,770$364,500
Remaining term (yrs)22.722.730.0
Secondary amount$0$182,730$0
Funding fee$0$0$0
Note rate3.820%3.820%7.320%
Blended rate4.670%6.339%7.560%
1st payment$995.24$995.24$2,503.86
2nd payment$0.00$1,218.20$0.00
Taxes / mo$288.83$288.83$288.83
Insurance / mo$150.00$150.00$150.00
MI / mo$150.92$150.92$72.90
HOA / mo$0.00$0.00$0.00
Total monthly$1,585.00$2,803.19$3,015.60
Cash to close$223,230$40,500$40,500