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$186,316$186,316$283,491
Remaining term (yrs)23.923.930.0
Secondary amount$0$97,175$0
Funding fee$0$0$0
Note rate2.880%2.880%7.400%
Blended rate3.730%5.536%7.640%
1st payment$896.81$896.81$1,962.83
2nd payment$0.00$728.82$0.00
Taxes / mo$234.17$234.17$234.17
Insurance / mo$150.00$150.00$150.00
MI / mo$153.01$153.01$56.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,433.99$2,162.80$2,403.70
Cash to close$128,674$31,499$31,499