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$188,564$188,564$258,300
Remaining term (yrs)24.424.430.0
Secondary amount$0$69,736$0
Funding fee$0$0$0
Note rate2.770%2.770%7.320%
Blended rate3.620%5.072%7.560%
1st payment$884.15$884.15$1,774.34
2nd payment$0.00$523.02$0.00
Taxes / mo$293.83$293.83$293.83
Insurance / mo$150.00$150.00$150.00
MI / mo$153.01$153.01$51.66
HOA / mo$0.00$0.00$0.00
Total monthly$1,481.00$2,004.01$2,269.84
Cash to close$98,436$28,700$28,700