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$185,302$185,302$306,000
Remaining term (yrs)24.124.130.0
Secondary amount$0$120,698$0
Funding fee$0$0$0
Note rate2.810%2.810%7.400%
Blended rate3.660%5.372%7.640%
1st payment$878.91$878.91$2,118.68
2nd payment$0.00$804.65$0.00
Taxes / mo$134.92$134.92$134.92
Insurance / mo$150.00$150.00$150.00
MI / mo$151.32$151.32$61.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,315.14$2,119.79$2,464.80
Cash to close$154,698$34,000$34,000