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$189,037$189,037$350,910
Remaining term (yrs)23.923.930.0
Secondary amount$0$161,873$0
Funding fee$0$0$0
Note rate2.800%2.800%7.400%
Blended rate3.650%5.657%7.640%
1st payment$899.99$899.99$2,429.63
2nd payment$0.00$1,079.15$0.00
Taxes / mo$374.08$374.08$374.08
Insurance / mo$150.00$150.00$150.00
MI / mo$155.15$155.15$70.18
HOA / mo$60.00$60.00$60.00
Total monthly$1,639.22$2,718.37$3,083.90
Cash to close$200,863$38,990$38,990