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$206,363$206,363$284,310
Remaining term (yrs)24.424.430.0
Secondary amount$0$77,947$0
Funding fee$0$0$0
Note rate2.810%2.810%7.400%
Blended rate3.660%5.124%7.640%
1st payment$969.54$969.54$1,968.51
2nd payment$0.00$584.60$0.00
Taxes / mo$127.67$127.67$127.67
Insurance / mo$150.00$150.00$150.00
MI / mo$166.92$166.92$56.86
HOA / mo$0.00$0.00$0.00
Total monthly$1,414.13$1,998.73$2,303.03
Cash to close$109,537$31,590$31,590