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$206,037$206,037$306,000
Remaining term (yrs)25.025.030.0
Secondary amount$0$99,963$0
Funding fee$0$0$0
Note rate2.870%2.870%7.400%
Blended rate3.720%5.445%7.640%
1st payment$958.81$958.81$2,118.68
2nd payment$0.00$749.72$0.00
Taxes / mo$483.33$483.33$483.33
Insurance / mo$150.00$150.00$150.00
MI / mo$163.80$163.80$61.20
HOA / mo$19.00$19.00$19.00
Total monthly$1,774.95$2,524.67$2,832.22
Cash to close$133,963$34,000$34,000