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$209,199$209,199$256,500
Remaining term (yrs)24.824.830.0
Secondary amount$0$47,301$0
Funding fee$0$0$0
Note rate2.990%2.990%7.400%
Blended rate3.840%4.792%7.640%
1st payment$993.19$993.19$1,775.95
2nd payment$0.00$354.76$0.00
Taxes / mo$237.50$237.50$237.50
Insurance / mo$150.00$150.00$150.00
MI / mo$167.08$167.08$51.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,547.76$1,902.52$2,214.75
Cash to close$75,801$28,500$28,500