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$215,121$215,121$310,410
Remaining term (yrs)24.524.530.0
Secondary amount$0$95,289$0
Funding fee$0$0$0
Note rate2.730%2.730%7.400%
Blended rate3.580%5.244%7.640%
1st payment$999.52$999.52$2,149.22
2nd payment$0.00$714.67$0.00
Taxes / mo$323.75$323.75$323.75
Insurance / mo$150.00$150.00$150.00
MI / mo$173.88$173.88$62.08
HOA / mo$325.00$325.00$325.00
Total monthly$1,972.14$2,686.81$3,010.05
Cash to close$129,779$34,490$34,490