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$209,002$209,002$247,410
Remaining term (yrs)24.824.830.0
Secondary amount$0$38,408$0
Funding fee$0$0$0
Note rate2.990%2.990%7.400%
Blended rate3.840%4.641%7.640%
1st payment$992.25$992.25$1,713.02
2nd payment$0.00$288.06$0.00
Taxes / mo$287.17$287.17$287.17
Insurance / mo$150.00$150.00$150.00
MI / mo$166.92$166.92$49.48
HOA / mo$0.00$0.00$0.00
Total monthly$1,596.34$1,884.40$2,199.67
Cash to close$65,898$27,490$27,490