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$188,899$188,899$288,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$99,101$0
Funding fee$0$0$0
Note rate2.870%2.870%7.400%
Blended rate3.720%5.537%7.640%
1st payment$883.06$883.06$1,994.05
2nd payment$0.00$743.26$0.00
Taxes / mo$244.89$244.89$244.89
Insurance / mo$150.00$150.00$150.00
MI / mo$150.86$150.86$57.60
HOA / mo$5.42$5.42$5.42
Total monthly$1,434.23$2,177.49$2,451.96
Cash to close$131,101$32,000$32,000