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$211,567$211,567$387,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$175,433$0
Funding fee$0$0$0
Note rate2.870%2.870%7.320%
Blended rate3.720%5.660%7.560%
1st payment$986.78$986.78$2,658.42
2nd payment$0.00$1,169.56$0.00
Taxes / mo$93.50$93.50$93.50
Insurance / mo$150.00$150.00$150.00
MI / mo$168.58$168.58$77.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,398.86$2,568.41$2,979.32
Cash to close$218,433$43,000$43,000