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$187,739$187,739$268,200
Remaining term (yrs)24.224.230.0
Secondary amount$0$80,461$0
Funding fee$0$0$0
Note rate2.810%2.810%7.400%
Blended rate3.660%5.262%7.640%
1st payment$888.34$888.34$1,856.96
2nd payment$0.00$603.46$0.00
Taxes / mo$181.58$181.58$181.58
Insurance / mo$150.00$150.00$150.00
MI / mo$152.94$152.94$53.64
HOA / mo$760.00$760.00$760.00
Total monthly$2,132.86$2,736.31$3,002.19
Cash to close$110,261$29,800$29,800