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$208,180$208,180$405,000
Remaining term (yrs)20.320.330.0
Secondary amount$0$196,820$0
Funding fee$0$0$0
Note rate2.710%2.710%7.400%
Blended rate3.560%5.718%7.640%
1st payment$1,107.29$1,107.29$2,804.14
2nd payment$0.00$1,312.13$0.00
Taxes / mo$209.00$209.00$209.00
Insurance / mo$150.00$150.00$150.00
MI / mo$175.49$175.49$81.00
HOA / mo$10.00$10.00$10.00
Total monthly$1,651.78$2,963.91$3,254.14
Cash to close$241,820$45,000$45,000