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$206,485$206,485$355,500
Remaining term (yrs)24.124.130.0
Secondary amount$0$149,015$0
Funding fee$0$0$0
Note rate2.800%2.800%7.320%
Blended rate3.650%5.473%7.560%
1st payment$978.32$978.32$2,442.04
2nd payment$0.00$993.44$0.00
Taxes / mo$492.14$492.14$492.14
Insurance / mo$150.00$150.00$150.00
MI / mo$168.65$168.65$71.10
HOA / mo$10.83$10.83$10.83
Total monthly$1,799.94$2,793.37$3,166.11
Cash to close$188,515$39,500$39,500