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$183,351$183,351$242,100
Remaining term (yrs)24.024.030.0
Secondary amount$0$58,749$0
Funding fee$0$0$0
Note rate2.980%2.980%7.400%
Blended rate3.830%5.085%7.640%
1st payment$887.75$887.75$1,676.25
2nd payment$0.00$440.61$0.00
Taxes / mo$224.17$224.17$224.17
Insurance / mo$150.00$150.00$150.00
MI / mo$149.53$149.53$48.42
HOA / mo$0.00$0.00$0.00
Total monthly$1,411.45$1,852.07$2,098.84
Cash to close$85,649$26,900$26,900