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$208,317$208,317$404,997
Remaining term (yrs)23.923.930.0
Secondary amount$0$196,680$0
Funding fee$0$0$0
Note rate2.990%2.990%7.400%
Blended rate3.840%5.860%7.640%
1st payment$1,014.49$1,014.49$2,804.12
2nd payment$0.00$1,311.20$0.00
Taxes / mo$67.14$67.14$67.14
Insurance / mo$150.00$150.00$150.00
MI / mo$170.66$170.66$81.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,402.30$2,713.50$3,102.26
Cash to close$241,680$45,000$45,000