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$208,893$208,893$314,100
Remaining term (yrs)24.124.130.0
Secondary amount$0$105,207$0
Funding fee$0$0$0
Note rate2.860%2.860%7.400%
Blended rate3.710%5.147%7.640%
1st payment$996.15$996.15$2,174.76
2nd payment$0.00$701.38$0.00
Taxes / mo$359.25$359.25$359.25
Insurance / mo$150.00$150.00$150.00
MI / mo$170.40$170.40$62.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,675.79$2,377.17$2,746.83
Cash to close$140,107$34,900$34,900