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$182,578$182,578$224,910
Remaining term (yrs)24.924.930.0
Secondary amount$0$42,332$0
Funding fee$0$0$0
Note rate2.780%2.780%7.400%
Blended rate3.630%4.641%7.640%
1st payment$845.06$845.06$1,557.23
2nd payment$0.00$317.49$0.00
Taxes / mo$188.17$188.17$188.17
Insurance / mo$150.00$150.00$150.00
MI / mo$146.06$146.06$44.98
HOA / mo$200.00$200.00$200.00
Total monthly$1,529.28$1,846.77$2,140.38
Cash to close$67,322$24,990$24,990