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$212,202$212,202$387,000
Remaining term (yrs)24.224.230.0
Secondary amount$0$174,798$0
Funding fee$0$0$0
Note rate2.720%2.720%7.320%
Blended rate3.570%5.571%7.560%
1st payment$994.35$994.35$2,658.42
2nd payment$0.00$1,165.32$0.00
Taxes / mo$173.42$173.42$173.42
Insurance / mo$150.00$150.00$150.00
MI / mo$173.20$173.20$77.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,490.96$2,656.28$3,059.24
Cash to close$217,798$43,000$43,000