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$185,461$185,461$288,000
Remaining term (yrs)24.424.430.0
Secondary amount$0$102,539$0
Funding fee$0$0$0
Note rate2.970%2.970%7.320%
Blended rate3.820%5.308%7.560%
1st payment$886.62$886.62$1,978.36
2nd payment$0.00$683.60$0.00
Taxes / mo$480.17$480.17$480.17
Insurance / mo$150.00$150.00$150.00
MI / mo$149.53$149.53$57.60
HOA / mo$10.42$10.42$10.42
Total monthly$1,676.73$2,360.33$2,676.55
Cash to close$134,539$32,000$32,000