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$196,675$196,675$242,100
Remaining term (yrs)24.424.430.0
Secondary amount$0$45,425$0
Funding fee$0$0$0
Note rate2.970%2.970%7.400%
Blended rate3.820%4.792%7.640%
1st payment$940.23$940.23$1,676.25
2nd payment$0.00$340.69$0.00
Taxes / mo$285.86$285.86$285.86
Insurance / mo$150.00$150.00$150.00
MI / mo$158.57$158.57$48.42
HOA / mo$0.00$0.00$0.00
Total monthly$1,534.66$1,875.35$2,160.53
Cash to close$72,325$26,900$26,900