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$207,680$207,680$269,999
Remaining term (yrs)24.024.030.0
Secondary amount$0$62,320$0
Funding fee$0$0$0
Note rate2.890%2.890%7.320%
Blended rate3.740%4.954%7.560%
1st payment$995.92$995.92$1,854.71
2nd payment$0.00$467.40$0.00
Taxes / mo$85.25$85.25$85.25
Insurance / mo$150.00$150.00$150.00
MI / mo$169.70$169.70$54.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,400.87$1,868.27$2,143.96
Cash to close$92,319$30,000$30,000