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$185,285$185,285$292,500
Remaining term (yrs)23.623.630.0
Secondary amount$0$107,215$0
Funding fee$0$0$0
Note rate3.310%3.310%7.320%
Blended rate4.160%5.568%7.560%
1st payment$939.65$939.65$2,009.27
2nd payment$0.00$714.77$0.00
Taxes / mo$272.00$272.00$272.00
Insurance / mo$150.00$150.00$150.00
MI / mo$151.79$151.79$58.50
HOA / mo$5.25$5.25$5.25
Total monthly$1,518.69$2,233.46$2,495.02
Cash to close$139,715$32,500$32,500