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$187,010$187,010$360,000
Remaining term (yrs)23.923.930.0
Secondary amount$0$172,990$0
Funding fee$0$0$0
Note rate2.940%2.940%7.400%
Blended rate3.790%5.813%7.640%
1st payment$903.75$903.75$2,492.57
2nd payment$0.00$1,153.27$0.00
Taxes / mo$250.91$250.91$250.91
Insurance / mo$150.00$150.00$150.00
MI / mo$153.01$153.01$72.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,457.67$2,610.94$2,965.48
Cash to close$212,990$40,000$40,000