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$181,816$181,816$288,000
Remaining term (yrs)24.424.430.0
Secondary amount$0$106,184$0
Funding fee$0$0$0
Note rate2.700%2.700%7.400%
Blended rate3.550%5.191%7.640%
1st payment$846.02$846.02$1,994.05
2nd payment$0.00$707.89$0.00
Taxes / mo$414.17$414.17$414.17
Insurance / mo$150.00$150.00$150.00
MI / mo$147.75$147.75$57.60
HOA / mo$270.00$270.00$270.00
Total monthly$1,827.94$2,535.83$2,885.82
Cash to close$138,184$32,000$32,000