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$182,636$182,636$295,200
Remaining term (yrs)24.924.930.0
Secondary amount$0$112,564$0
Funding fee$0$0$0
Note rate2.800%2.800%7.400%
Blended rate3.650%5.309%7.640%
1st payment$847.20$847.20$2,043.91
2nd payment$0.00$750.43$0.00
Taxes / mo$538.83$538.83$538.83
Insurance / mo$150.00$150.00$150.00
MI / mo$146.05$146.05$59.04
HOA / mo$11.08$11.08$11.08
Total monthly$1,693.16$2,443.59$2,802.86
Cash to close$145,364$32,800$32,800