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$183,154$183,154$305,100
Remaining term (yrs)24.024.030.0
Secondary amount$0$121,946$0
Funding fee$0$0$0
Note rate2.930%2.930%7.400%
Blended rate3.780%5.467%7.640%
1st payment$882.08$882.08$2,112.45
2nd payment$0.00$812.97$0.00
Taxes / mo$99.67$99.67$99.67
Insurance / mo$150.00$150.00$150.00
MI / mo$149.53$149.53$61.02
HOA / mo$0.00$0.00$0.00
Total monthly$1,281.28$2,094.25$2,423.14
Cash to close$155,846$33,900$33,900