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$183,286$183,286$269,100
Remaining term (yrs)25.125.130.0
Secondary amount$0$85,814$0
Funding fee$0$0$0
Note rate2.880%2.880%7.400%
Blended rate3.730%5.411%7.640%
1st payment$851.97$851.97$1,863.19
2nd payment$0.00$643.61$0.00
Taxes / mo$249.17$249.17$249.17
Insurance / mo$150.00$150.00$150.00
MI / mo$145.36$145.36$53.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,396.49$2,040.10$2,316.18
Cash to close$115,714$29,900$29,900