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$185,763$185,763$256,500
Remaining term (yrs)24.724.730.0
Secondary amount$0$70,737$0
Funding fee$0$0$0
Note rate2.940%2.940%7.320%
Blended rate3.790%5.227%7.560%
1st payment$879.10$879.10$1,761.98
2nd payment$0.00$530.53$0.00
Taxes / mo$263.58$263.58$263.58
Insurance / mo$150.00$150.00$150.00
MI / mo$148.84$148.84$51.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,441.52$1,972.05$2,226.86
Cash to close$99,237$28,500$28,500