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$206,911$206,911$368,910
Remaining term (yrs)25.025.030.0
Secondary amount$0$161,999$0
Funding fee$0$0$0
Note rate1.750%1.750%7.400%
Blended rate2.600%4.971%7.640%
1st payment$847.54$847.54$2,554.26
2nd payment$0.00$1,079.99$0.00
Taxes / mo$86.67$86.67$86.67
Insurance / mo$150.00$150.00$150.00
MI / mo$168.05$168.05$73.78
HOA / mo$10.42$10.42$10.42
Total monthly$1,262.67$2,342.67$2,875.13
Cash to close$202,989$40,990$40,990