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$201,324$201,324$283,500
Remaining term (yrs)24.424.430.0
Secondary amount$0$82,176$0
Funding fee$0$0$0
Note rate2.810%2.810%7.400%
Blended rate3.660%5.208%7.640%
1st payment$945.86$945.86$1,962.90
2nd payment$0.00$616.32$0.00
Taxes / mo$310.56$310.56$310.56
Insurance / mo$150.00$150.00$150.00
MI / mo$162.85$162.85$56.70
HOA / mo$118.67$118.67$118.67
Total monthly$1,687.94$2,304.26$2,598.83
Cash to close$113,676$31,500$31,500