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$207,892$207,892$301,478
Remaining term (yrs)24.324.330.0
Secondary amount$0$93,585$0
Funding fee$0$0$0
Note rate2.790%2.790%7.320%
Blended rate3.640%5.304%7.560%
1st payment$976.90$976.90$2,070.94
2nd payment$0.00$701.89$0.00
Taxes / mo$534.25$534.25$534.25
Insurance / mo$150.00$150.00$150.00
MI / mo$168.62$168.62$60.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,829.78$2,531.67$2,815.49
Cash to close$127,083$33,498$33,498