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$187,336$187,336$242,910
Remaining term (yrs)24.124.130.0
Secondary amount$0$55,574$0
Funding fee$0$0$0
Note rate2.800%2.800%7.400%
Blended rate3.650%4.874%7.640%
1st payment$887.59$887.59$1,681.86
2nd payment$0.00$416.80$0.00
Taxes / mo$367.75$367.75$367.75
Insurance / mo$150.00$150.00$150.00
MI / mo$153.01$153.01$48.58
HOA / mo$15.33$15.33$15.33
Total monthly$1,573.68$1,990.49$2,263.52
Cash to close$82,564$26,990$26,990