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$209,825$209,825$297,000
Remaining term (yrs)24.424.430.0
Secondary amount$0$87,175$0
Funding fee$0$0$0
Note rate2.650%2.650%7.400%
Blended rate3.500%5.114%7.640%
1st payment$971.03$971.03$2,056.37
2nd payment$0.00$653.81$0.00
Taxes / mo$299.08$299.08$299.08
Insurance / mo$150.00$150.00$150.00
MI / mo$170.69$170.69$59.40
HOA / mo$70.00$70.00$70.00
Total monthly$1,660.80$2,314.61$2,634.85
Cash to close$120,175$33,000$33,000