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$201,028$201,028$341,999
Remaining term (yrs)25.125.130.0
Secondary amount$0$140,971$0
Funding fee$0$0$0
Note rate2.900%2.900%7.320%
Blended rate3.750%5.502%7.560%
1st payment$936.52$936.52$2,349.30
2nd payment$0.00$939.81$0.00
Taxes / mo$117.08$117.08$117.08
Insurance / mo$150.00$150.00$150.00
MI / mo$159.38$159.38$68.40
HOA / mo$20.00$20.00$20.00
Total monthly$1,382.98$2,322.78$2,704.78
Cash to close$178,971$38,000$38,000