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$212,121$212,121$391,491
Remaining term (yrs)24.424.430.0
Secondary amount$0$179,370$0
Funding fee$0$0$0
Note rate2.790%2.790%7.320%
Blended rate3.640%5.638%7.560%
1st payment$996.78$996.78$2,689.27
2nd payment$0.00$1,195.80$0.00
Taxes / mo$104.08$104.08$104.08
Insurance / mo$150.00$150.00$150.00
MI / mo$172.05$172.05$78.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,422.91$2,618.71$3,021.65
Cash to close$222,869$43,499$43,499