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$197,764$197,764$266,400
Remaining term (yrs)24.424.430.0
Secondary amount$0$68,636$0
Funding fee$0$0$0
Note rate2.810%2.810%7.400%
Blended rate3.660%5.036%7.640%
1st payment$929.14$929.14$1,844.50
2nd payment$0.00$514.77$0.00
Taxes / mo$276.25$276.25$276.25
Insurance / mo$150.00$150.00$150.00
MI / mo$159.97$159.97$53.28
HOA / mo$0.00$0.00$0.00
Total monthly$1,515.36$2,030.12$2,324.03
Cash to close$98,236$29,600$29,600