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$208,852$208,852$318,600
Remaining term (yrs)24.324.330.0
Secondary amount$0$109,748$0
Funding fee$0$0$0
Note rate2.710%2.710%7.400%
Blended rate3.560%5.089%7.640%
1st payment$975.23$975.23$2,205.92
2nd payment$0.00$731.65$0.00
Taxes / mo$457.00$457.00$457.00
Insurance / mo$150.00$150.00$150.00
MI / mo$170.09$170.09$63.72
HOA / mo$53.33$53.33$53.33
Total monthly$1,805.65$2,537.31$2,929.97
Cash to close$145,148$35,400$35,400