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$196,619$196,619$359,910
Remaining term (yrs)24.524.530.0
Secondary amount$0$163,291$0
Funding fee$0$0$0
Note rate2.730%2.730%7.320%
Blended rate3.580%5.585%7.560%
1st payment$913.55$913.55$2,472.33
2nd payment$0.00$1,088.61$0.00
Taxes / mo$306.50$306.50$306.50
Insurance / mo$150.00$150.00$150.00
MI / mo$158.92$158.92$71.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,528.97$2,617.58$3,000.81
Cash to close$203,281$39,990$39,990