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$196,489$196,489$288,000
Remaining term (yrs)24.724.730.0
Secondary amount$0$91,511$0
Funding fee$0$0$0
Note rate2.960%2.960%7.320%
Blended rate3.810%5.459%7.560%
1st payment$931.90$931.90$1,978.36
2nd payment$0.00$686.34$0.00
Taxes / mo$96.33$96.33$96.33
Insurance / mo$150.00$150.00$150.00
MI / mo$157.37$157.37$57.60
HOA / mo$140.00$140.00$140.00
Total monthly$1,475.60$2,161.94$2,422.29
Cash to close$123,511$32,000$32,000