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$184,888$184,888$243,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$58,112$0
Funding fee$0$0$0
Note rate2.870%2.870%7.400%
Blended rate3.720%4.983%7.640%
1st payment$862.35$862.35$1,682.48
2nd payment$0.00$435.84$0.00
Taxes / mo$315.67$315.67$315.67
Insurance / mo$150.00$150.00$150.00
MI / mo$147.32$147.32$48.60
HOA / mo$337.00$337.00$337.00
Total monthly$1,812.33$2,248.17$2,533.75
Cash to close$85,112$27,000$27,000