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$195,396$195,396$275,399
Remaining term (yrs)24.324.330.0
Secondary amount$0$80,003$0
Funding fee$0$0$0
Note rate2.650%2.650%7.320%
Blended rate3.500%5.098%7.560%
1st payment$904.25$904.25$1,891.80
2nd payment$0.00$600.02$0.00
Taxes / mo$101.72$101.72$101.72
Insurance / mo$150.00$150.00$150.00
MI / mo$158.95$158.95$55.08
HOA / mo$175.00$175.00$175.00
Total monthly$1,489.92$2,089.94$2,373.60
Cash to close$110,603$30,600$30,600