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$211,006$211,006$406,710
Remaining term (yrs)24.824.830.0
Secondary amount$0$195,704$0
Funding fee$0$0$0
Note rate2.900%2.900%7.320%
Blended rate3.750%5.795%7.560%
1st payment$991.93$991.93$2,793.82
2nd payment$0.00$1,304.69$0.00
Taxes / mo$168.83$168.83$168.83
Insurance / mo$166.67$166.67$166.67
MI / mo$168.81$168.81$81.34
HOA / mo$0.00$0.00$0.00
Total monthly$1,496.24$2,800.93$3,210.66
Cash to close$240,894$45,190$45,190