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$212,406$212,406$260,910
Remaining term (yrs)24.924.930.0
Secondary amount$0$48,504$0
Funding fee$0$0$0
Note rate2.870%2.870%7.400%
Blended rate3.720%4.702%7.640%
1st payment$992.95$992.95$1,806.49
2nd payment$0.00$363.78$0.00
Taxes / mo$81.67$81.67$81.67
Insurance / mo$150.00$150.00$150.00
MI / mo$169.63$169.63$52.18
HOA / mo$0.00$0.00$0.00
Total monthly$1,394.25$1,758.03$2,090.34
Cash to close$77,494$28,990$28,990