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$204,094$204,094$371,250
Remaining term (yrs)24.424.430.0
Secondary amount$0$167,156$0
Funding fee$0$0$0
Note rate2.770%2.770%7.320%
Blended rate3.620%5.592%7.560%
1st payment$954.70$954.70$2,550.23
2nd payment$0.00$1,114.37$0.00
Taxes / mo$303.42$303.42$303.42
Insurance / mo$150.00$150.00$150.00
MI / mo$165.22$165.22$74.25
HOA / mo$57.00$57.00$57.00
Total monthly$1,630.34$2,744.71$3,134.90
Cash to close$208,406$41,250$41,250