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$187,014$187,014$225,000
Remaining term (yrs)23.923.930.0
Secondary amount$0$37,986$0
Funding fee$0$0$0
Note rate3.070%3.070%7.400%
Blended rate3.920%4.778%7.640%
1st payment$918.48$918.48$1,557.85
2nd payment$0.00$284.90$0.00
Taxes / mo$290.50$290.50$290.50
Insurance / mo$150.00$150.00$150.00
MI / mo$152.94$152.94$45.00
HOA / mo$295.00$295.00$295.00
Total monthly$1,806.92$2,091.82$2,338.35
Cash to close$62,986$25,000$25,000