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$186,826$186,826$274,500
Remaining term (yrs)24.324.330.0
Secondary amount$0$87,674$0
Funding fee$0$0$0
Note rate2.660%2.660%7.400%
Blended rate3.510%5.263%7.640%
1st payment$867.64$867.64$1,900.58
2nd payment$0.00$657.56$0.00
Taxes / mo$301.50$301.50$301.50
Insurance / mo$150.00$150.00$150.00
MI / mo$152.32$152.32$54.90
HOA / mo$27.50$27.50$27.50
Total monthly$1,498.95$2,156.51$2,434.48
Cash to close$118,174$30,500$30,500