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$209,753$209,753$468,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$258,247$0
Funding fee$0$0$0
Note rate2.770%2.770%7.400%
Blended rate3.620%5.899%7.640%
1st payment$967.53$967.53$3,240.34
2nd payment$0.00$1,667.85$0.00
Taxes / mo$358.92$358.92$358.92
Insurance / mo$166.67$166.67$166.67
MI / mo$167.44$167.44$93.60
HOA / mo$16.67$16.67$16.67
Total monthly$1,677.22$3,345.07$3,876.19
Cash to close$310,247$52,000$52,000