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$209,372$209,372$293,399
Remaining term (yrs)24.924.930.0
Secondary amount$0$84,027$0
Funding fee$0$0$0
Note rate2.840%2.840%7.400%
Blended rate3.690%5.211%7.640%
1st payment$973.30$973.30$2,031.44
2nd payment$0.00$630.20$0.00
Taxes / mo$54.83$54.83$54.83
Insurance / mo$150.00$150.00$150.00
MI / mo$166.92$166.92$58.68
HOA / mo$0.00$0.00$0.00
Total monthly$1,345.06$1,975.26$2,294.95
Cash to close$116,627$32,600$32,600