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$206,468$206,468$245,700
Remaining term (yrs)24.124.130.0
Secondary amount$0$39,232$0
Funding fee$0$0$0
Note rate2.890%2.890%7.400%
Blended rate3.740%4.580%7.640%
1st payment$987.76$987.76$1,701.18
2nd payment$0.00$294.24$0.00
Taxes / mo$208.00$208.00$208.00
Insurance / mo$150.00$150.00$150.00
MI / mo$168.31$168.31$49.14
HOA / mo$466.00$466.00$466.00
Total monthly$1,980.07$2,274.31$2,574.32
Cash to close$66,532$27,300$27,300