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$209,005$209,005$270,000
Remaining term (yrs)23.823.830.0
Secondary amount$0$60,995$0
Funding fee$0$0$0
Note rate2.900%2.900%7.320%
Blended rate3.750%4.936%7.560%
1st payment$1,010.59$1,010.59$1,854.71
2nd payment$0.00$457.46$0.00
Taxes / mo$727.58$727.58$727.58
Insurance / mo$150.00$150.00$150.00
MI / mo$168.33$168.33$54.00
HOA / mo$13.75$13.75$13.75
Total monthly$2,070.26$2,527.72$2,800.05
Cash to close$90,995$30,000$30,000