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$199,517$199,517$318,150
Remaining term (yrs)24.824.830.0
Secondary amount$0$118,633$0
Funding fee$0$0$0
Note rate2.980%2.980%7.400%
Blended rate3.830%5.385%7.640%
1st payment$946.18$946.18$2,202.81
2nd payment$0.00$790.89$0.00
Taxes / mo$376.33$376.33$376.33
Insurance / mo$150.00$150.00$150.00
MI / mo$159.38$159.38$63.63
HOA / mo$300.00$300.00$300.00
Total monthly$1,931.89$2,722.78$3,092.77
Cash to close$153,983$35,350$35,350