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$188,675$188,675$355,500
Remaining term (yrs)24.624.630.0
Secondary amount$0$166,825$0
Funding fee$0$0$0
Note rate2.800%2.800%7.320%
Blended rate3.650%5.691%7.560%
1st payment$881.32$881.32$2,442.04
2nd payment$0.00$1,112.17$0.00
Taxes / mo$128.17$128.17$128.17
Insurance / mo$150.00$150.00$150.00
MI / mo$151.93$151.93$71.10
HOA / mo$50.00$50.00$50.00
Total monthly$1,361.42$2,473.59$2,841.31
Cash to close$206,325$39,500$39,500