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$206,197$206,197$355,500
Remaining term (yrs)25.225.230.0
Secondary amount$0$149,303$0
Funding fee$0$0$0
Note rate2.980%2.980%7.400%
Blended rate3.830%5.581%7.640%
1st payment$967.02$967.02$2,461.41
2nd payment$0.00$995.36$0.00
Taxes / mo$177.33$177.33$177.33
Insurance / mo$150.00$150.00$150.00
MI / mo$162.88$162.88$71.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,457.24$2,452.59$2,859.84
Cash to close$188,803$39,500$39,500