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$196,027$196,027$215,910
Remaining term (yrs)24.424.430.0
Secondary amount$0$31,878$0
Funding fee$0$0$0
Note rate2.810%2.810%7.320%
Blended rate3.660%4.809%7.560%
1st payment$920.98$920.98$1,483.15
2nd payment$0.00$315.46$0.00
Taxes / mo$278.70$278.70$278.70
Insurance / mo$150.00$150.00$150.00
MI / mo$158.56$158.56$43.18
HOA / mo$0.00$0.00$0.00
Total monthly$1,508.24$1,823.70$1,955.04
Cash to close$43,873$11,995$23,990