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$201,794$201,794$359,910
Remaining term (yrs)24.424.430.0
Secondary amount$0$158,116$0
Funding fee$0$0$0
Note rate2.700%2.700%7.400%
Blended rate3.550%5.505%7.640%
1st payment$938.98$938.98$2,491.94
2nd payment$0.00$1,054.11$0.00
Taxes / mo$370.92$370.92$370.92
Insurance / mo$150.00$150.00$150.00
MI / mo$163.98$163.98$71.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,623.88$2,677.99$3,084.84
Cash to close$198,106$39,990$39,990