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$183,532$183,532$292,410
Remaining term (yrs)23.523.530.0
Secondary amount$0$108,878$0
Funding fee$0$0$0
Note rate3.450%3.450%7.400%
Blended rate4.300%5.678%7.640%
1st payment$946.46$946.46$2,024.59
2nd payment$0.00$725.85$0.00
Taxes / mo$87.25$87.25$87.25
Insurance / mo$150.00$150.00$150.00
MI / mo$150.23$150.23$58.48
HOA / mo$0.00$0.00$0.00
Total monthly$1,333.93$2,059.79$2,320.32
Cash to close$141,368$32,490$32,490