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$192,483$192,483$225,000
Remaining term (yrs)24.124.130.0
Secondary amount$0$32,517$0
Funding fee$0$0$0
Note rate2.830%2.830%7.400%
Blended rate3.680%4.449%7.640%
1st payment$914.93$914.93$1,557.85
2nd payment$0.00$243.87$0.00
Taxes / mo$383.77$383.77$383.77
Insurance / mo$150.00$150.00$150.00
MI / mo$157.11$157.11$45.00
HOA / mo$116.67$116.67$116.67
Total monthly$1,722.49$1,966.36$2,253.30
Cash to close$57,517$25,000$25,000