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$202,781$202,781$382,500
Remaining term (yrs)24.424.430.0
Secondary amount$0$179,719$0
Funding fee$0$0$0
Note rate2.740%2.740%7.400%
Blended rate3.590%5.662%7.640%
1st payment$945.45$945.45$2,648.35
2nd payment$0.00$1,198.12$0.00
Taxes / mo$93.75$93.75$93.75
Insurance / mo$150.00$150.00$150.00
MI / mo$164.26$164.26$76.50
HOA / mo$18.75$18.75$18.75
Total monthly$1,372.21$2,570.34$2,987.35
Cash to close$222,219$42,500$42,500