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$216,711$216,711$359,999
Remaining term (yrs)24.924.930.0
Secondary amount$0$143,288$0
Funding fee$0$0$0
Note rate2.900%2.900%7.400%
Blended rate3.750%5.442%7.640%
1st payment$1,016.43$1,016.43$2,492.56
2nd payment$0.00$955.25$0.00
Taxes / mo$73.25$73.25$73.25
Insurance / mo$150.00$150.00$150.00
MI / mo$172.98$172.98$72.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,412.66$2,367.91$2,787.81
Cash to close$183,288$40,000$40,000