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$201,924$201,924$297,000
Remaining term (yrs)23.823.830.0
Secondary amount$0$95,076$0
Funding fee$0$0$0
Note rate2.900%2.900%7.400%
Blended rate3.750%5.431%7.640%
1st payment$976.36$976.36$2,056.37
2nd payment$0.00$713.07$0.00
Taxes / mo$329.92$329.92$329.92
Insurance / mo$150.00$150.00$150.00
MI / mo$166.16$166.16$59.40
HOA / mo$66.67$66.67$66.67
Total monthly$1,689.10$2,402.17$2,662.35
Cash to close$128,076$33,000$33,000