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$206,632$206,632$354,150
Remaining term (yrs)24.924.930.0
Secondary amount$0$147,518$0
Funding fee$0$0$0
Note rate2.840%2.840%7.320%
Blended rate3.690%5.485%7.560%
1st payment$960.57$960.57$2,432.76
2nd payment$0.00$983.45$0.00
Taxes / mo$262.17$262.17$262.17
Insurance / mo$150.00$150.00$150.00
MI / mo$164.74$164.74$70.83
HOA / mo$112.00$112.00$112.00
Total monthly$1,649.47$2,632.92$3,027.76
Cash to close$186,868$39,350$39,350