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$188,203$188,203$285,930
Remaining term (yrs)24.424.430.0
Secondary amount$0$97,727$0
Funding fee$0$0$0
Note rate2.680%2.680%7.320%
Blended rate3.530%5.400%7.560%
1st payment$873.83$873.83$1,964.14
2nd payment$0.00$732.95$0.00
Taxes / mo$453.23$453.23$453.23
Insurance / mo$150.00$150.00$150.00
MI / mo$153.00$153.00$57.19
HOA / mo$133.00$133.00$133.00
Total monthly$1,763.07$2,496.02$2,757.56
Cash to close$129,497$31,770$31,770