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$195,004$195,004$445,500
Remaining term (yrs)24.224.230.0
Secondary amount$0$250,496$0
Funding fee$0$0$0
Note rate2.710%2.710%7.320%
Blended rate3.560%5.916%7.560%
1st payment$912.77$912.77$3,060.28
2nd payment$0.00$1,617.79$0.00
Taxes / mo$159.75$159.75$159.75
Insurance / mo$166.67$166.67$166.67
MI / mo$159.20$159.20$89.10
HOA / mo$7.50$7.50$7.50
Total monthly$1,405.88$3,023.67$3,483.29
Cash to close$299,996$49,500$49,500