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$209,249$209,249$337,410
Remaining term (yrs)24.224.230.0
Secondary amount$0$128,161$0
Funding fee$0$0$0
Note rate2.830%2.830%7.320%
Blended rate3.680%5.321%7.560%
1st payment$992.26$992.26$2,317.77
2nd payment$0.00$854.41$0.00
Taxes / mo$349.24$349.24$349.24
Insurance / mo$150.00$150.00$150.00
MI / mo$170.39$170.39$67.48
HOA / mo$100.00$100.00$100.00
Total monthly$1,761.89$2,616.29$2,984.49
Cash to close$165,651$37,490$37,490