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$206,912$206,912$287,100
Remaining term (yrs)24.824.830.0
Secondary amount$0$80,188$0
Funding fee$0$0$0
Note rate2.900%2.900%7.400%
Blended rate3.750%5.216%7.640%
1st payment$972.68$972.68$1,987.82
2nd payment$0.00$601.41$0.00
Taxes / mo$155.08$155.08$155.08
Insurance / mo$150.00$150.00$150.00
MI / mo$165.53$165.53$57.42
HOA / mo$0.00$0.00$0.00
Total monthly$1,443.30$2,044.71$2,350.33
Cash to close$112,088$31,900$31,900