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$187,979$187,979$292,491
Remaining term (yrs)23.823.830.0
Secondary amount$0$104,512$0
Funding fee$0$0$0
Note rate2.980%2.980%7.400%
Blended rate3.830%5.320%7.640%
1st payment$916.66$916.66$2,025.15
2nd payment$0.00$696.75$0.00
Taxes / mo$85.42$85.42$85.42
Insurance / mo$150.00$150.00$150.00
MI / mo$154.40$154.40$58.50
HOA / mo$6.42$6.42$6.42
Total monthly$1,312.90$2,009.64$2,325.48
Cash to close$137,011$32,499$32,499