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$209,908$209,908$319,500
Remaining term (yrs)24.724.730.0
Secondary amount$0$109,592$0
Funding fee$0$0$0
Note rate2.900%2.900%7.400%
Blended rate3.750%5.208%7.640%
1st payment$989.03$989.03$2,212.15
2nd payment$0.00$730.61$0.00
Taxes / mo$295.83$295.83$295.83
Insurance / mo$150.00$150.00$150.00
MI / mo$168.31$168.31$63.90
HOA / mo$0.00$0.00$0.00
Total monthly$1,603.17$2,333.78$2,721.89
Cash to close$145,092$35,500$35,500