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$2,184$2,184$202,500
Remaining term (yrs)21.121.130.0
Secondary amount$0$200,316$0
Funding fee$0$0$0
Note rate2.870%2.870%7.400%
Blended rate3.720%7.707%7.640%
1st payment$11.45$11.45$1,402.07
2nd payment$0.00$1,293.71$0.00
Taxes / mo$92.92$92.92$92.92
Insurance / mo$150.00$150.00$150.00
MI / mo$1.83$1.83$40.50
HOA / mo$0.00$0.00$0.00
Total monthly$256.20$1,549.90$1,685.49
Cash to close$222,816$22,500$22,500