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$16,817$16,817$179,910
Remaining term (yrs)18.318.330.0
Secondary amount$0$163,093$0
Funding fee$0$0$0
Note rate3.970%3.970%7.400%
Blended rate4.820%7.703%7.640%
1st payment$107.39$107.39$1,245.66
2nd payment$0.00$1,087.29$0.00
Taxes / mo$139.25$139.25$139.25
Insurance / mo$150.00$150.00$150.00
MI / mo$15.99$15.99$35.98
HOA / mo$2.92$2.92$2.92
Total monthly$415.55$1,502.84$1,573.81
Cash to close$183,083$19,990$19,990