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$210,834$210,834$270,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$59,166$0
Funding fee$0$0$0
Note rate2.800%2.800%7.400%
Blended rate3.650%4.822%7.640%
1st payment$978.01$978.01$1,869.43
2nd payment$0.00$443.74$0.00
Taxes / mo$67.51$67.51$67.51
Insurance / mo$150.00$150.00$150.00
MI / mo$168.60$168.60$54.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,364.12$1,807.86$2,140.94
Cash to close$89,166$30,000$30,000