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$205,251$205,251$269,999
Remaining term (yrs)24.224.230.0
Secondary amount$0$64,748$0
Funding fee$0$0$0
Note rate2.710%2.710%7.320%
Blended rate3.560%4.865%7.560%
1st payment$960.73$960.73$1,854.71
2nd payment$0.00$485.61$0.00
Taxes / mo$680.08$680.08$680.08
Insurance / mo$150.00$150.00$150.00
MI / mo$167.56$167.56$54.00
HOA / mo$13.00$13.00$13.00
Total monthly$1,971.38$2,456.99$2,751.79
Cash to close$94,748$30,000$30,000