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$180,759$180,759$359,910
Remaining term (yrs)23.023.030.0
Secondary amount$0$179,151$0
Funding fee$0$0$0
Note rate3.730%3.730%7.400%
Blended rate4.580%6.282%7.640%
1st payment$972.06$972.06$2,491.94
2nd payment$0.00$1,194.34$0.00
Taxes / mo$824.75$824.75$824.75
Insurance / mo$150.00$150.00$150.00
MI / mo$149.04$149.04$71.98
HOA / mo$12.00$12.00$12.00
Total monthly$2,107.85$3,302.19$3,550.68
Cash to close$219,141$39,990$39,990