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$214,606$214,606$319,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$104,894$0
Funding fee$0$0$0
Note rate2.840%2.840%7.400%
Blended rate3.690%5.105%7.640%
1st payment$997.63$997.63$2,212.15
2nd payment$0.00$699.29$0.00
Taxes / mo$387.01$387.01$387.01
Insurance / mo$150.00$150.00$150.00
MI / mo$171.09$171.09$63.90
HOA / mo$21.67$21.67$21.67
Total monthly$1,727.40$2,426.70$2,834.73
Cash to close$140,394$35,500$35,500