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$206,363$206,363$260,730
Remaining term (yrs)24.424.430.0
Secondary amount$0$54,367$0
Funding fee$0$0$0
Note rate2.810%2.810%7.400%
Blended rate3.660%4.773%7.640%
1st payment$969.54$969.54$1,805.24
2nd payment$0.00$407.75$0.00
Taxes / mo$155.75$155.75$155.75
Insurance / mo$150.00$150.00$150.00
MI / mo$166.92$166.92$52.15
HOA / mo$0.00$0.00$0.00
Total monthly$1,442.21$1,849.96$2,163.14
Cash to close$83,337$28,970$28,970