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$183,124$183,124$292,500
Remaining term (yrs)24.324.330.0
Secondary amount$0$109,376$0
Funding fee$0$0$0
Note rate2.730%2.730%7.320%
Blended rate3.580%5.233%7.560%
1st payment$854.90$854.90$2,009.27
2nd payment$0.00$729.18$0.00
Taxes / mo$561.13$561.13$561.13
Insurance / mo$150.00$150.00$150.00
MI / mo$148.72$148.72$58.50
HOA / mo$12.00$12.00$12.00
Total monthly$1,726.75$2,455.93$2,790.90
Cash to close$141,876$32,500$32,500