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$195,218$195,218$323,999
Remaining term (yrs)23.923.930.0
Secondary amount$0$128,781$0
Funding fee$0$0$0
Note rate2.980%2.980%7.320%
Blended rate3.830%5.487%7.560%
1st payment$949.69$949.69$2,225.65
2nd payment$0.00$858.54$0.00
Taxes / mo$356.00$356.00$356.00
Insurance / mo$150.00$150.00$150.00
MI / mo$159.97$159.97$64.80
HOA / mo$105.67$105.67$105.67
Total monthly$1,721.33$2,579.87$2,902.12
Cash to close$164,781$36,000$36,000