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$208,410$208,410$274,500
Remaining term (yrs)24.024.030.0
Secondary amount$0$66,090$0
Funding fee$0$0$0
Note rate2.930%2.930%7.320%
Blended rate3.780%5.037%7.560%
1st payment$1,003.71$1,003.71$1,885.62
2nd payment$0.00$495.67$0.00
Taxes / mo$172.08$172.08$172.08
Insurance / mo$150.00$150.00$150.00
MI / mo$170.15$170.15$54.90
HOA / mo$450.00$450.00$450.00
Total monthly$1,945.95$2,441.62$2,712.61
Cash to close$96,590$30,500$30,500