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$190,414$190,414$283,500
Remaining term (yrs)25.025.030.0
Secondary amount$0$93,086$0
Funding fee$0$0$0
Note rate2.880%2.880%7.400%
Blended rate3.730%5.460%7.640%
1st payment$887.09$887.09$1,962.90
2nd payment$0.00$698.15$0.00
Taxes / mo$262.50$262.50$262.50
Insurance / mo$150.00$150.00$150.00
MI / mo$151.35$151.35$56.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,450.95$2,149.09$2,432.10
Cash to close$124,586$31,500$31,500