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$189,577$189,577$283,500
Remaining term (yrs)24.724.730.0
Secondary amount$0$93,923$0
Funding fee$0$0$0
Note rate2.980%2.980%7.400%
Blended rate3.830%5.543%7.640%
1st payment$901.08$901.08$1,962.90
2nd payment$0.00$704.42$0.00
Taxes / mo$335.08$335.08$335.08
Insurance / mo$150.00$150.00$150.00
MI / mo$151.78$151.78$56.70
HOA / mo$75.00$75.00$75.00
Total monthly$1,612.94$2,317.37$2,579.68
Cash to close$125,423$31,500$31,500