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$198,569$198,569$288,000
Remaining term (yrs)25.025.030.0
Secondary amount$0$89,431$0
Funding fee$0$0$0
Note rate2.840%2.840%7.320%
Blended rate3.690%5.339%7.560%
1st payment$920.99$920.99$1,978.36
2nd payment$0.00$670.73$0.00
Taxes / mo$368.00$368.00$368.00
Insurance / mo$150.00$150.00$150.00
MI / mo$157.95$157.95$57.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,596.93$2,267.67$2,553.96
Cash to close$121,431$32,000$32,000