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$204,362$204,362$305,910
Remaining term (yrs)24.924.930.0
Secondary amount$0$101,548$0
Funding fee$0$0$0
Note rate2.870%2.870%7.400%
Blended rate3.720%5.141%7.640%
1st payment$955.35$955.35$2,118.06
2nd payment$0.00$676.99$0.00
Taxes / mo$422.75$422.75$422.75
Insurance / mo$150.00$150.00$150.00
MI / mo$163.21$163.21$61.18
HOA / mo$75.00$75.00$75.00
Total monthly$1,766.30$2,443.29$2,826.99
Cash to close$135,538$33,990$33,990