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$193,521$193,521$337,050
Remaining term (yrs)25.425.430.0
Secondary amount$0$143,529$0
Funding fee$0$0$0
Note rate2.810%2.810%7.400%
Blended rate3.660%5.508%7.640%
1st payment$884.57$884.57$2,333.67
2nd payment$0.00$956.86$0.00
Taxes / mo$64.58$64.58$64.58
Insurance / mo$150.00$150.00$150.00
MI / mo$152.29$152.29$67.41
HOA / mo$0.00$0.00$0.00
Total monthly$1,251.44$2,208.30$2,615.66
Cash to close$180,979$37,450$37,450