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$205,720$205,720$224,999
Remaining term (yrs)24.724.730.0
Secondary amount$0$31,779$0
Funding fee$0$0$0
Note rate2.940%2.940%7.320%
Blended rate3.790%4.872%7.560%
1st payment$973.55$973.55$1,545.59
2nd payment$0.00$314.48$0.00
Taxes / mo$321.17$321.17$321.17
Insurance / mo$150.00$150.00$150.00
MI / mo$164.83$164.83$45.00
HOA / mo$54.17$54.17$54.17
Total monthly$1,663.71$1,978.19$2,115.92
Cash to close$44,279$12,500$25,000