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$206,183$206,183$300,420
Remaining term (yrs)25.025.030.0
Secondary amount$0$94,237$0
Funding fee$0$0$0
Note rate2.900%2.900%7.400%
Blended rate3.750%5.397%7.640%
1st payment$962.69$962.69$2,080.05
2nd payment$0.00$706.78$0.00
Taxes / mo$275.00$275.00$275.00
Insurance / mo$150.00$150.00$150.00
MI / mo$163.83$163.83$60.08
HOA / mo$0.00$0.00$0.00
Total monthly$1,551.52$2,258.30$2,565.13
Cash to close$127,617$33,380$33,380