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$202,617$202,617$261,000
Remaining term (yrs)24.024.030.0
Secondary amount$0$58,383$0
Funding fee$0$0$0
Note rate2.900%2.900%7.400%
Blended rate3.750%4.924%7.640%
1st payment$972.68$972.68$1,807.11
2nd payment$0.00$437.87$0.00
Taxes / mo$153.25$153.25$153.25
Insurance / mo$150.00$150.00$150.00
MI / mo$165.53$165.53$52.20
HOA / mo$200.00$200.00$200.00
Total monthly$1,641.46$2,079.34$2,362.56
Cash to close$87,383$29,000$29,000