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$185,763$185,763$253,800
Remaining term (yrs)24.724.730.0
Secondary amount$0$68,037$0
Funding fee$0$0$0
Note rate2.940%2.940%7.400%
Blended rate3.790%5.187%7.640%
1st payment$879.10$879.10$1,757.26
2nd payment$0.00$510.28$0.00
Taxes / mo$235.00$235.00$235.00
Insurance / mo$150.00$150.00$150.00
MI / mo$148.84$148.84$50.76
HOA / mo$33.00$33.00$33.00
Total monthly$1,445.94$1,956.22$2,226.02
Cash to close$96,237$28,200$28,200