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$202,608$202,608$323,910
Remaining term (yrs)24.324.330.0
Secondary amount$0$121,302$0
Funding fee$0$0$0
Note rate2.710%2.710%7.400%
Blended rate3.560%5.223%7.640%
1st payment$946.07$946.07$2,242.69
2nd payment$0.00$808.68$0.00
Taxes / mo$175.33$175.33$175.33
Insurance / mo$150.00$150.00$150.00
MI / mo$165.01$165.01$64.78
HOA / mo$0.00$0.00$0.00
Total monthly$1,436.41$2,245.09$2,632.80
Cash to close$157,292$35,990$35,990