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$196,045$196,045$292,050
Remaining term (yrs)24.424.430.0
Secondary amount$0$96,005$0
Funding fee$0$0$0
Note rate2.810%2.810%7.320%
Blended rate3.660%5.415%7.560%
1st payment$921.06$921.06$2,006.18
2nd payment$0.00$720.04$0.00
Taxes / mo$52.75$52.75$52.75
Insurance / mo$150.00$150.00$150.00
MI / mo$158.57$158.57$58.41
HOA / mo$0.00$0.00$0.00
Total monthly$1,282.38$2,002.43$2,267.34
Cash to close$128,455$32,450$32,450