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$198,994$198,994$359,100
Remaining term (yrs)24.924.930.0
Secondary amount$0$160,106$0
Funding fee$0$0$0
Note rate2.870%2.870%7.400%
Blended rate3.720%5.628%7.640%
1st payment$928.14$928.14$2,486.34
2nd payment$0.00$1,067.37$0.00
Taxes / mo$183.25$183.25$183.25
Insurance / mo$150.00$150.00$150.00
MI / mo$158.56$158.56$71.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,419.95$2,487.32$2,891.41
Cash to close$200,006$39,900$39,900