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$191,711$191,711$295,650
Remaining term (yrs)24.424.430.0
Secondary amount$0$103,939$0
Funding fee$0$0$0
Note rate2.700%2.700%7.400%
Blended rate3.550%5.114%7.640%
1st payment$892.07$892.07$2,047.02
2nd payment$0.00$692.93$0.00
Taxes / mo$308.67$308.67$308.67
Insurance / mo$150.00$150.00$150.00
MI / mo$155.79$155.79$59.13
HOA / mo$116.67$116.67$116.67
Total monthly$1,623.19$2,316.12$2,681.49
Cash to close$136,789$32,850$32,850