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$185,826$185,826$288,000
Remaining term (yrs)24.124.130.0
Secondary amount$0$102,174$0
Funding fee$0$0$0
Note rate2.870%2.870%7.400%
Blended rate3.720%5.238%7.640%
1st payment$887.10$887.10$1,994.05
2nd payment$0.00$681.16$0.00
Taxes / mo$145.17$145.17$145.17
Insurance / mo$150.00$150.00$150.00
MI / mo$151.55$151.55$57.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,333.82$2,014.97$2,346.82
Cash to close$134,174$32,000$32,000