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$188,858$188,858$292,500
Remaining term (yrs)24.424.430.0
Secondary amount$0$103,642$0
Funding fee$0$0$0
Note rate2.730%2.730%7.400%
Blended rate3.580%5.146%7.640%
1st payment$879.58$879.58$2,025.21
2nd payment$0.00$690.95$0.00
Taxes / mo$67.50$67.50$67.50
Insurance / mo$150.00$150.00$150.00
MI / mo$153.01$153.01$58.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,250.09$1,941.03$2,301.21
Cash to close$136,142$32,500$32,500