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$194,898$194,898$287,910
Remaining term (yrs)24.424.430.0
Secondary amount$0$93,012$0
Funding fee$0$0$0
Note rate2.740%2.740%7.400%
Blended rate3.590%5.338%7.640%
1st payment$908.70$908.70$1,993.43
2nd payment$0.00$697.59$0.00
Taxes / mo$383.27$383.27$383.27
Insurance / mo$150.00$150.00$150.00
MI / mo$157.87$157.87$57.58
HOA / mo$40.00$40.00$40.00
Total monthly$1,639.84$2,337.43$2,624.28
Cash to close$125,002$31,990$31,990