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$206,528$206,528$404,910
Remaining term (yrs)22.022.030.0
Secondary amount$0$198,382$0
Funding fee$0$0$0
Note rate2.800%2.800%7.320%
Blended rate3.650%5.781%7.560%
1st payment$1,043.01$1,043.01$2,781.45
2nd payment$0.00$1,322.55$0.00
Taxes / mo$339.42$339.42$339.42
Insurance / mo$150.00$150.00$150.00
MI / mo$171.93$171.93$80.98
HOA / mo$105.67$105.67$105.67
Total monthly$1,810.03$3,132.58$3,457.52
Cash to close$243,372$44,990$44,990