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$199,760$199,760$265,410
Remaining term (yrs)24.124.130.0
Secondary amount$0$65,650$0
Funding fee$0$0$0
Note rate2.840%2.840%7.400%
Blended rate3.690%5.003%7.640%
1st payment$950.55$950.55$1,837.65
2nd payment$0.00$492.37$0.00
Taxes / mo$238.00$238.00$238.00
Insurance / mo$150.00$150.00$150.00
MI / mo$163.02$163.02$53.08
HOA / mo$85.00$85.00$85.00
Total monthly$1,586.56$2,078.94$2,363.73
Cash to close$95,140$29,490$29,490