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$202,588$202,588$249,300
Remaining term (yrs)23.923.930.0
Secondary amount$0$46,712$0
Funding fee$0$0$0
Note rate2.900%2.900%7.320%
Blended rate3.750%4.734%7.560%
1st payment$974.87$974.87$1,712.52
2nd payment$0.00$350.34$0.00
Taxes / mo$702.67$702.67$702.67
Insurance / mo$150.00$150.00$150.00
MI / mo$165.90$165.90$49.86
HOA / mo$17.08$17.08$17.08
Total monthly$2,010.52$2,360.86$2,632.12
Cash to close$74,412$27,700$27,700