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$206,151$206,151$296,100
Remaining term (yrs)25.125.130.0
Secondary amount$0$89,949$0
Funding fee$0$0$0
Note rate2.980%2.980%7.320%
Blended rate3.830%5.401%7.560%
1st payment$968.94$968.94$2,034.00
2nd payment$0.00$674.62$0.00
Taxes / mo$402.60$402.60$402.60
Insurance / mo$150.00$150.00$150.00
MI / mo$163.21$163.21$59.22
HOA / mo$276.00$276.00$276.00
Total monthly$1,960.76$2,635.38$2,921.83
Cash to close$122,849$32,900$32,900