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$193,081$193,081$310,500
Remaining term (yrs)24.324.330.0
Secondary amount$0$117,419$0
Funding fee$0$0$0
Note rate2.625%2.625%7.400%
Blended rate3.475%5.186%7.640%
1st payment$893.26$893.26$2,149.84
2nd payment$0.00$782.80$0.00
Taxes / mo$195.42$195.42$195.42
Insurance / mo$150.00$150.00$150.00
MI / mo$157.53$157.53$62.10
HOA / mo$105.00$105.00$105.00
Total monthly$1,501.21$2,284.01$2,662.36
Cash to close$151,919$34,500$34,500