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$206,080$206,080$355,500
Remaining term (yrs)23.923.930.0
Secondary amount$0$149,420$0
Funding fee$0$0$0
Note rate2.980%2.980%7.400%
Blended rate3.830%5.583%7.640%
1st payment$1,002.53$1,002.53$2,461.41
2nd payment$0.00$996.13$0.00
Taxes / mo$190.58$190.58$190.58
Insurance / mo$150.00$150.00$150.00
MI / mo$168.87$168.87$71.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,511.98$2,508.12$2,873.09
Cash to close$188,920$39,500$39,500