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$202,642$202,642$359,999
Remaining term (yrs)24.024.030.0
Secondary amount$0$157,357$0
Funding fee$0$0$0
Note rate2.940%2.940%7.320%
Blended rate3.790%5.630%7.560%
1st payment$976.97$976.97$2,472.94
2nd payment$0.00$1,049.05$0.00
Taxes / mo$501.08$501.08$501.08
Insurance / mo$150.00$150.00$150.00
MI / mo$165.41$165.41$72.00
HOA / mo$175.00$175.00$175.00
Total monthly$1,968.46$3,017.51$3,371.02
Cash to close$197,357$40,000$40,000