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$204,499$204,499$342,000
Remaining term (yrs)24.124.130.0
Secondary amount$0$137,501$0
Funding fee$0$0$0
Note rate2.830%2.830%7.400%
Blended rate3.680%5.417%7.640%
1st payment$972.05$972.05$2,367.94
2nd payment$0.00$916.67$0.00
Taxes / mo$539.72$539.72$539.72
Insurance / mo$150.00$150.00$150.00
MI / mo$166.92$166.92$68.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,828.69$2,745.36$3,126.06
Cash to close$175,501$38,000$38,000