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$201,809$201,809$243,000
Remaining term (yrs)24.824.830.0
Secondary amount$0$41,191$0
Funding fee$0$0$0
Note rate2.930%2.930%7.320%
Blended rate3.780%4.665%7.560%
1st payment$951.82$951.82$1,669.24
2nd payment$0.00$308.94$0.00
Taxes / mo$459.58$459.58$459.58
Insurance / mo$150.00$150.00$150.00
MI / mo$161.36$161.36$48.60
HOA / mo$110.00$110.00$110.00
Total monthly$1,832.76$2,141.70$2,437.42
Cash to close$68,191$27,000$27,000