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$192,671$192,671$224,910
Remaining term (yrs)23.923.930.0
Secondary amount$0$32,239$0
Funding fee$0$0$0
Note rate2.980%2.980%7.320%
Blended rate3.830%4.571%7.560%
1st payment$937.30$937.30$1,544.98
2nd payment$0.00$241.79$0.00
Taxes / mo$268.58$268.58$268.58
Insurance / mo$150.00$150.00$150.00
MI / mo$157.88$157.88$44.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,513.76$1,755.56$2,008.54
Cash to close$57,229$24,990$24,990