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$186,811$186,811$359,910
Remaining term (yrs)24.324.330.0
Secondary amount$0$173,099$0
Funding fee$0$0$0
Note rate2.880%2.880%7.320%
Blended rate3.730%5.784%7.560%
1st payment$888.55$888.55$2,472.33
2nd payment$0.00$1,153.99$0.00
Taxes / mo$463.67$463.67$463.67
Insurance / mo$150.00$150.00$150.00
MI / mo$151.60$151.60$71.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,653.81$2,807.81$3,157.98
Cash to close$213,089$39,990$39,990