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$186,685$186,685$292,275
Remaining term (yrs)23.923.930.0
Secondary amount$0$105,590$0
Funding fee$0$0$0
Note rate2.990%2.990%7.400%
Blended rate3.840%5.343%7.640%
1st payment$909.15$909.15$2,023.65
2nd payment$0.00$703.93$0.00
Taxes / mo$242.42$242.42$242.42
Insurance / mo$150.00$150.00$150.00
MI / mo$152.94$152.94$58.46
HOA / mo$230.00$230.00$230.00
Total monthly$1,684.50$2,388.43$2,704.52
Cash to close$138,065$32,475$32,475