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$189,491$189,491$297,000
Remaining term (yrs)24.424.430.0
Secondary amount$0$107,509$0
Funding fee$0$0$0
Note rate2.730%2.730%7.400%
Blended rate3.580%5.180%7.640%
1st payment$884.63$884.63$2,056.37
2nd payment$0.00$716.73$0.00
Taxes / mo$275.00$275.00$275.00
Insurance / mo$150.00$150.00$150.00
MI / mo$153.89$153.89$59.40
HOA / mo$16.67$16.67$16.67
Total monthly$1,480.19$2,196.92$2,557.44
Cash to close$140,509$33,000$33,000