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$206,806$206,806$315,000
Remaining term (yrs)23.923.930.0
Secondary amount$0$108,194$0
Funding fee$0$0$0
Note rate2.625%2.625%7.400%
Blended rate3.475%5.029%7.640%
1st payment$966.22$966.22$2,181.00
2nd payment$0.00$721.29$0.00
Taxes / mo$206.50$206.50$206.50
Insurance / mo$150.00$150.00$150.00
MI / mo$170.40$170.40$63.00
HOA / mo$357.00$357.00$357.00
Total monthly$1,850.12$2,571.41$2,957.50
Cash to close$143,194$35,000$35,000