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$182,587$182,587$262,800
Remaining term (yrs)24.924.930.0
Secondary amount$0$80,213$0
Funding fee$0$0$0
Note rate2.800%2.800%7.320%
Blended rate3.650%5.283%7.560%
1st payment$845.03$845.03$1,805.25
2nd payment$0.00$601.60$0.00
Taxes / mo$291.50$291.50$291.50
Insurance / mo$150.00$150.00$150.00
MI / mo$145.67$145.67$52.56
HOA / mo$0.00$0.00$0.00
Total monthly$1,432.20$2,033.80$2,299.31
Cash to close$109,413$29,200$29,200