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$187,376$187,376$251,100
Remaining term (yrs)24.124.130.0
Secondary amount$0$63,724$0
Funding fee$0$0$0
Note rate2.810%2.810%7.320%
Blended rate3.660%5.015%7.560%
1st payment$888.74$888.74$1,724.88
2nd payment$0.00$477.93$0.00
Taxes / mo$526.25$526.25$526.25
Insurance / mo$150.00$150.00$150.00
MI / mo$153.01$153.01$50.22
HOA / mo$12.17$12.17$12.17
Total monthly$1,730.17$2,208.10$2,463.52
Cash to close$91,624$27,900$27,900