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$203,792$203,792$476,988
Remaining term (yrs)23.923.930.0
Secondary amount$0$273,197$0
Funding fee$0$0$0
Note rate2.910%2.910%7.400%
Blended rate3.760%6.045%7.640%
1st payment$981.71$981.71$3,302.57
2nd payment$0.00$1,764.39$0.00
Taxes / mo$552.17$552.17$552.17
Insurance / mo$166.67$166.67$166.67
MI / mo$166.85$166.85$95.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,867.39$3,631.79$4,116.80
Cash to close$326,195$52,999$52,999