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$186,767$186,767$256,410
Remaining term (yrs)24.824.830.0
Secondary amount$0$69,643$0
Funding fee$0$0$0
Note rate2.980%2.980%7.400%
Blended rate3.830%5.234%7.640%
1st payment$885.72$885.72$1,775.33
2nd payment$0.00$522.32$0.00
Taxes / mo$135.17$135.17$135.17
Insurance / mo$150.00$150.00$150.00
MI / mo$149.19$149.19$51.28
HOA / mo$0.00$0.00$0.00
Total monthly$1,320.08$1,842.40$2,111.78
Cash to close$98,133$28,490$28,490