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$185,950$185,950$225,000
Remaining term (yrs)24.024.030.0
Secondary amount$0$39,050$0
Funding fee$0$0$0
Note rate2.990%2.990%7.400%
Blended rate3.840%4.736%7.640%
1st payment$901.29$901.29$1,557.85
2nd payment$0.00$292.88$0.00
Taxes / mo$261.67$261.67$261.67
Insurance / mo$150.00$150.00$150.00
MI / mo$151.62$151.62$45.00
HOA / mo$350.00$350.00$350.00
Total monthly$1,814.58$2,107.45$2,364.52
Cash to close$64,050$25,000$25,000