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$202,901$202,901$321,210
Remaining term (yrs)23.823.830.0
Secondary amount$0$118,309$0
Funding fee$0$0$0
Note rate2.910%2.910%7.320%
Blended rate3.760%5.322%7.560%
1st payment$982.12$982.12$2,206.49
2nd payment$0.00$788.73$0.00
Taxes / mo$229.83$229.83$229.83
Insurance / mo$150.00$150.00$150.00
MI / mo$166.92$166.92$64.24
HOA / mo$40.00$40.00$40.00
Total monthly$1,568.87$2,357.60$2,690.57
Cash to close$153,999$35,690$35,690