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$199,876$199,876$265,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$65,624$0
Funding fee$0$0$0
Note rate2.870%2.870%7.320%
Blended rate3.720%5.025%7.560%
1st payment$932.25$932.25$1,823.80
2nd payment$0.00$492.18$0.00
Taxes / mo$378.25$378.25$378.25
Insurance / mo$150.00$150.00$150.00
MI / mo$159.26$159.26$53.10
HOA / mo$290.00$290.00$290.00
Total monthly$1,909.76$2,401.94$2,695.15
Cash to close$95,124$29,500$29,500