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$183,661$183,661$206,100
Remaining term (yrs)25.025.030.0
Secondary amount$0$33,889$0
Funding fee$0$0$0
Note rate2.880%2.880%7.400%
Blended rate3.730%4.999%7.640%
1st payment$855.63$855.63$1,426.99
2nd payment$0.00$335.36$0.00
Taxes / mo$423.83$423.83$423.83
Insurance / mo$150.00$150.00$150.00
MI / mo$145.99$145.99$41.22
HOA / mo$0.00$0.00$0.00
Total monthly$1,575.45$1,910.81$2,042.05
Cash to close$45,339$11,450$22,900