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$201,914$201,914$269,910
Remaining term (yrs)24.324.330.0
Secondary amount$0$67,996$0
Funding fee$0$0$0
Note rate2.600%2.600%7.400%
Blended rate3.450%4.848%7.640%
1st payment$931.58$931.58$1,868.80
2nd payment$0.00$509.97$0.00
Taxes / mo$551.67$551.67$551.67
Insurance / mo$150.00$150.00$150.00
MI / mo$164.83$164.83$53.98
HOA / mo$16.67$16.67$16.67
Total monthly$1,814.74$2,324.71$2,641.12
Cash to close$97,986$29,990$29,990