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$202,636$202,636$238,500
Remaining term (yrs)24.724.730.0
Secondary amount$0$35,864$0
Funding fee$0$0$0
Note rate2.960%2.960%7.400%
Blended rate3.810%4.590%7.640%
1st payment$961.05$961.05$1,651.33
2nd payment$0.00$268.98$0.00
Taxes / mo$460.03$460.03$460.03
Insurance / mo$150.00$150.00$150.00
MI / mo$162.29$162.29$47.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,733.37$2,002.35$2,309.05
Cash to close$62,364$26,500$26,500