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$185,220$185,220$283,500
Remaining term (yrs)24.624.630.0
Secondary amount$0$98,280$0
Funding fee$0$0$0
Note rate2.970%2.970%7.400%
Blended rate3.820%5.616%7.640%
1st payment$881.42$881.42$1,962.90
2nd payment$0.00$737.10$0.00
Taxes / mo$262.50$262.50$262.50
Insurance / mo$150.00$150.00$150.00
MI / mo$148.66$148.66$56.70
HOA / mo$245.00$245.00$245.00
Total monthly$1,687.57$2,424.67$2,677.10
Cash to close$129,780$31,500$31,500