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$209,888$209,888$305,999
Remaining term (yrs)24.824.830.0
Secondary amount$0$96,111$0
Funding fee$0$0$0
Note rate2.800%2.800%7.400%
Blended rate3.650%5.330%7.640%
1st payment$975.87$975.87$2,118.68
2nd payment$0.00$720.83$0.00
Taxes / mo$813.34$813.34$813.34
Insurance / mo$150.00$150.00$150.00
MI / mo$168.23$168.23$61.20
HOA / mo$0.00$0.00$0.00
Total monthly$2,107.43$2,828.27$3,143.22
Cash to close$130,111$34,000$34,000