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$182,635$182,635$238,500
Remaining term (yrs)23.723.730.0
Secondary amount$0$55,865$0
Funding fee$0$0$0
Note rate3.230%3.230%7.240%
Blended rate4.080%5.232%7.480%
1st payment$916.43$916.43$1,625.37
2nd payment$0.00$418.99$0.00
Taxes / mo$220.83$220.83$220.83
Insurance / mo$150.00$150.00$150.00
MI / mo$149.53$149.53$47.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,436.79$1,855.78$2,043.91
Cash to close$82,365$26,500$26,500