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$183,027$183,027$224,100
Remaining term (yrs)24.024.030.0
Secondary amount$0$41,073$0
Funding fee$0$0$0
Note rate2.480%2.480%7.320%
Blended rate3.330%4.369%7.560%
1st payment$839.67$839.67$1,539.41
2nd payment$0.00$308.05$0.00
Taxes / mo$606.39$606.39$606.39
Insurance / mo$150.00$150.00$150.00
MI / mo$150.92$150.92$44.82
HOA / mo$11.25$11.25$11.25
Total monthly$1,758.23$2,066.28$2,351.87
Cash to close$65,973$24,900$24,900