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$195,726$195,726$269,100
Remaining term (yrs)24.424.430.0
Secondary amount$0$73,374$0
Funding fee$0$0$0
Note rate2.730%2.730%7.320%
Blended rate3.580%5.058%7.560%
1st payment$911.56$911.56$1,848.53
2nd payment$0.00$550.31$0.00
Taxes / mo$52.75$52.75$52.75
Insurance / mo$150.00$150.00$150.00
MI / mo$158.57$158.57$53.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,272.88$1,823.19$2,105.10
Cash to close$103,274$29,900$29,900