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$181,294$181,294$278,999
Remaining term (yrs)24.024.030.0
Secondary amount$0$97,705$0
Funding fee$0$0$0
Note rate2.890%2.890%7.400%
Blended rate3.740%5.582%7.640%
1st payment$869.39$869.39$1,931.73
2nd payment$0.00$732.78$0.00
Taxes / mo$266.37$266.37$266.37
Insurance / mo$150.00$150.00$150.00
MI / mo$148.14$148.14$55.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,433.91$2,166.69$2,403.91
Cash to close$128,705$31,000$31,000