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$202,063$202,063$288,000
Remaining term (yrs)24.424.430.0
Secondary amount$0$85,937$0
Funding fee$0$0$0
Note rate2.810%2.810%7.320%
Blended rate3.660%5.253%7.560%
1st payment$949.34$949.34$1,978.36
2nd payment$0.00$644.53$0.00
Taxes / mo$300.67$300.67$300.67
Insurance / mo$150.00$150.00$150.00
MI / mo$163.44$163.44$57.60
HOA / mo$284.00$284.00$284.00
Total monthly$1,847.45$2,491.97$2,770.63
Cash to close$117,937$32,000$32,000