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$195,224$195,224$288,000
Remaining term (yrs)24.724.730.0
Secondary amount$0$92,776$0
Funding fee$0$0$0
Note rate2.940%2.940%7.320%
Blended rate3.790%5.468%7.560%
1st payment$923.88$923.88$1,978.36
2nd payment$0.00$695.82$0.00
Taxes / mo$387.75$387.75$387.75
Insurance / mo$150.00$150.00$150.00
MI / mo$156.42$156.42$57.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,618.04$2,313.86$2,573.71
Cash to close$124,776$32,000$32,000