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$195,907$195,907$310,491
Remaining term (yrs)24.824.830.0
Secondary amount$0$114,584$0
Funding fee$0$0$0
Note rate2.960%2.960%7.320%
Blended rate3.810%5.356%7.560%
1st payment$927.03$927.03$2,132.86
2nd payment$0.00$763.89$0.00
Taxes / mo$269.92$269.92$269.92
Insurance / mo$150.00$150.00$150.00
MI / mo$156.55$156.55$62.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,503.50$2,267.39$2,614.87
Cash to close$149,083$34,499$34,499