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$184,866$184,866$256,500
Remaining term (yrs)24.424.430.0
Secondary amount$0$71,634$0
Funding fee$0$0$0
Note rate2.810%2.810%7.400%
Blended rate3.660%5.151%7.640%
1st payment$868.54$868.54$1,775.95
2nd payment$0.00$537.25$0.00
Taxes / mo$36.00$36.00$36.00
Insurance / mo$150.00$150.00$150.00
MI / mo$149.53$149.53$51.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,204.07$1,741.33$2,013.25
Cash to close$100,134$28,500$28,500