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$212,761$212,761$269,550
Remaining term (yrs)24.424.430.0
Secondary amount$0$56,789$0
Funding fee$0$0$0
Note rate2.740%2.740%7.400%
Blended rate3.590%4.730%7.640%
1st payment$994.35$994.35$1,866.31
2nd payment$0.00$425.92$0.00
Taxes / mo$172.58$172.58$172.58
Insurance / mo$150.00$150.00$150.00
MI / mo$172.75$172.75$53.91
HOA / mo$324.00$324.00$324.00
Total monthly$1,813.68$2,239.60$2,566.80
Cash to close$86,739$29,950$29,950