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$197,137$197,137$261,000
Remaining term (yrs)24.224.230.0
Secondary amount$0$63,863$0
Funding fee$0$0$0
Note rate2.700%2.700%7.320%
Blended rate3.550%4.884%7.560%
1st payment$921.75$921.75$1,792.89
2nd payment$0.00$478.97$0.00
Taxes / mo$668.67$668.67$668.67
Insurance / mo$150.00$150.00$150.00
MI / mo$160.97$160.97$52.20
HOA / mo$15.00$15.00$15.00
Total monthly$1,916.39$2,395.36$2,678.76
Cash to close$92,863$29,000$29,000