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$210,362$210,362$303,660
Remaining term (yrs)24.324.330.0
Secondary amount$0$93,298$0
Funding fee$0$0$0
Note rate2.700%2.700%7.320%
Blended rate3.550%5.224%7.560%
1st payment$981.21$981.21$2,085.93
2nd payment$0.00$699.73$0.00
Taxes / mo$578.75$578.75$578.75
Insurance / mo$150.00$150.00$150.00
MI / mo$171.36$171.36$60.73
HOA / mo$12.25$12.25$12.25
Total monthly$1,893.57$2,593.30$2,887.67
Cash to close$127,038$33,740$33,740