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$204,917$204,917$332,100
Remaining term (yrs)22.422.430.0
Secondary amount$0$127,183$0
Funding fee$0$0$0
Note rate2.730%2.730%7.400%
Blended rate3.580%5.273%7.640%
1st payment$1,016.60$1,016.60$2,299.39
2nd payment$0.00$847.89$0.00
Taxes / mo$512.92$512.92$512.92
Insurance / mo$150.00$150.00$150.00
MI / mo$169.02$169.02$66.42
HOA / mo$80.00$80.00$80.00
Total monthly$1,928.53$2,776.42$3,108.73
Cash to close$164,083$36,900$36,900