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$185,593$185,593$359,910
Remaining term (yrs)21.121.130.0
Secondary amount$0$174,317$0
Funding fee$0$0$0
Note rate2.800%2.800%7.400%
Blended rate3.650%5.757%7.640%
1st payment$966.51$966.51$2,491.94
2nd payment$0.00$1,162.11$0.00
Taxes / mo$333.25$333.25$333.25
Insurance / mo$150.00$150.00$150.00
MI / mo$155.52$155.52$71.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,605.28$2,767.39$3,047.18
Cash to close$214,307$39,990$39,990