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$213,364$213,364$265,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$52,136$0
Funding fee$0$0$0
Note rate2.870%2.870%7.400%
Blended rate3.720%4.757%7.640%
1st payment$997.43$997.43$1,838.27
2nd payment$0.00$391.02$0.00
Taxes / mo$87.90$87.90$87.90
Insurance / mo$150.00$150.00$150.00
MI / mo$170.40$170.40$53.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,405.73$1,796.75$2,129.27
Cash to close$81,636$29,500$29,500