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$191,322$191,322$267,300
Remaining term (yrs)24.924.930.0
Secondary amount$0$75,978$0
Funding fee$0$0$0
Note rate2.870%2.870%7.400%
Blended rate3.720%5.221%7.640%
1st payment$894.39$894.39$1,850.73
2nd payment$0.00$569.83$0.00
Taxes / mo$338.63$338.63$338.63
Insurance / mo$150.00$150.00$150.00
MI / mo$152.79$152.79$53.46
HOA / mo$0.00$0.00$0.00
Total monthly$1,535.82$2,105.65$2,392.83
Cash to close$105,678$29,700$29,700