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$203,268$203,268$305,100
Remaining term (yrs)24.324.330.0
Secondary amount$0$101,832$0
Funding fee$0$0$0
Note rate2.700%2.700%7.320%
Blended rate3.550%5.035%7.560%
1st payment$945.84$945.84$2,095.83
2nd payment$0.00$678.88$0.00
Taxes / mo$372.00$372.00$372.00
Insurance / mo$150.00$150.00$150.00
MI / mo$165.18$165.18$61.02
HOA / mo$0.00$0.00$0.00
Total monthly$1,633.02$2,311.91$2,678.85
Cash to close$135,732$33,900$33,900