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$182,720$182,720$394,200
Remaining term (yrs)23.923.930.0
Secondary amount$0$211,480$0
Funding fee$0$0$0
Note rate2.930%2.930%7.400%
Blended rate3.780%5.910%7.640%
1st payment$882.08$882.08$2,729.36
2nd payment$0.00$1,365.81$0.00
Taxes / mo$129.42$129.42$129.42
Insurance / mo$150.00$150.00$150.00
MI / mo$149.53$149.53$78.84
HOA / mo$0.00$0.00$0.00
Total monthly$1,311.03$2,676.84$3,087.62
Cash to close$255,280$43,800$43,800