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$187,371$187,371$269,910
Remaining term (yrs)24.124.130.0
Secondary amount$0$82,539$0
Funding fee$0$0$0
Note rate2.830%2.830%7.400%
Blended rate3.680%5.307%7.640%
1st payment$890.63$890.63$1,868.80
2nd payment$0.00$619.04$0.00
Taxes / mo$156.58$156.58$156.58
Insurance / mo$150.00$150.00$150.00
MI / mo$152.94$152.94$53.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,350.16$1,969.20$2,229.37
Cash to close$112,529$29,990$29,990