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$204,015$204,015$234,000
Remaining term (yrs)24.224.230.0
Secondary amount$0$29,985$0
Funding fee$0$0$0
Note rate2.670%2.670%7.400%
Blended rate3.520%4.222%7.640%
1st payment$950.80$950.80$1,620.17
2nd payment$0.00$224.89$0.00
Taxes / mo$534.25$534.25$534.25
Insurance / mo$150.00$150.00$150.00
MI / mo$166.70$166.70$46.80
HOA / mo$16.58$16.58$16.58
Total monthly$1,818.33$2,043.22$2,367.80
Cash to close$55,985$26,000$26,000