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$187,195$187,195$422,910
Remaining term (yrs)24.824.830.0
Secondary amount$0$235,715$0
Funding fee$0$0$0
Note rate2.980%2.980%7.320%
Blended rate3.830%6.015%7.560%
1st payment$887.75$887.75$2,905.10
2nd payment$0.00$1,522.32$0.00
Taxes / mo$323.58$323.58$323.58
Insurance / mo$166.67$166.67$166.67
MI / mo$149.53$149.53$84.58
HOA / mo$0.00$0.00$0.00
Total monthly$1,527.53$3,049.86$3,479.93
Cash to close$282,705$46,990$46,990