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$204,874$204,874$310,500
Remaining term (yrs)24.424.430.0
Secondary amount$0$105,626$0
Funding fee$0$0$0
Note rate2.810%2.810%7.320%
Blended rate3.660%5.136%7.560%
1st payment$962.54$962.54$2,132.92
2nd payment$0.00$704.17$0.00
Taxes / mo$448.00$448.00$448.00
Insurance / mo$150.00$150.00$150.00
MI / mo$165.72$165.72$62.10
HOA / mo$150.00$150.00$150.00
Total monthly$1,876.26$2,580.43$2,943.02
Cash to close$140,126$34,500$34,500