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$195,770$195,770$341,910
Remaining term (yrs)24.724.730.0
Secondary amount$0$146,140$0
Funding fee$0$0$0
Note rate2.900%2.900%7.320%
Blended rate3.750%5.567%7.560%
1st payment$922.41$922.41$2,348.68
2nd payment$0.00$974.27$0.00
Taxes / mo$63.50$63.50$63.50
Insurance / mo$150.00$150.00$150.00
MI / mo$156.97$156.97$68.38
HOA / mo$0.00$0.00$0.00
Total monthly$1,292.89$2,267.15$2,630.57
Cash to close$184,130$37,990$37,990