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$213,226$213,226$341,910
Remaining term (yrs)24.324.330.0
Secondary amount$0$128,684$0
Funding fee$0$0$0
Note rate2.650%2.650%7.320%
Blended rate3.500%5.194%7.560%
1st payment$989.16$989.16$2,348.68
2nd payment$0.00$857.90$0.00
Taxes / mo$111.17$111.17$111.17
Insurance / mo$150.00$150.00$150.00
MI / mo$173.88$173.88$68.38
HOA / mo$0.00$0.00$0.00
Total monthly$1,424.20$2,282.10$2,678.23
Cash to close$166,674$37,990$37,990