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$212,476$212,476$593,910
Remaining term (yrs)25.125.130.0
Secondary amount$0$381,434$0
Funding fee$0$0$0
Note rate2.900%2.900%7.400%
Blended rate3.750%6.319%7.640%
1st payment$989.85$989.85$4,112.11
2nd payment$0.00$2,463.43$0.00
Taxes / mo$549.92$549.92$549.92
Insurance / mo$166.67$166.67$166.67
MI / mo$168.45$168.45$118.78
HOA / mo$257.00$257.00$257.00
Total monthly$2,131.88$4,595.31$5,204.48
Cash to close$447,424$65,990$65,990