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$2,374$2,374$207,000
Remaining term (yrs)17.317.330.0
Secondary amount$0$204,626$0
Funding fee$0$0$0
Note rate2.720%2.720%7.400%
Blended rate3.570%7.702%7.640%
1st payment$14.27$14.27$1,433.23
2nd payment$0.00$1,321.54$0.00
Taxes / mo$191.67$191.67$191.67
Insurance / mo$150.00$150.00$150.00
MI / mo$2.07$2.07$41.40
HOA / mo$0.00$0.00$0.00
Total monthly$358.01$1,679.56$1,816.29
Cash to close$227,626$23,000$23,000