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$194,173$194,173$306,000
Remaining term (yrs)24.424.430.0
Secondary amount$0$111,827$0
Funding fee$0$0$0
Note rate2.730%2.730%7.320%
Blended rate3.580%5.195%7.560%
1st payment$904.33$904.33$2,102.01
2nd payment$0.00$745.51$0.00
Taxes / mo$409.00$409.00$409.00
Insurance / mo$150.00$150.00$150.00
MI / mo$157.32$157.32$61.20
HOA / mo$225.00$225.00$225.00
Total monthly$1,845.64$2,591.16$2,947.21
Cash to close$145,827$34,000$34,000