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$192,464$192,464$252,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$59,536$0
Funding fee$0$0$0
Note rate2.870%2.870%7.320%
Blended rate3.720%4.967%7.560%
1st payment$899.72$899.72$1,731.07
2nd payment$0.00$446.52$0.00
Taxes / mo$60.92$60.92$60.92
Insurance / mo$150.00$150.00$150.00
MI / mo$153.71$153.71$50.40
HOA / mo$135.00$135.00$135.00
Total monthly$1,399.35$1,845.87$2,127.38
Cash to close$87,536$28,000$28,000