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$203,482$203,482$314,100
Remaining term (yrs)24.924.930.0
Secondary amount$0$110,618$0
Funding fee$0$0$0
Note rate2.800%2.800%7.400%
Blended rate3.650%5.182%7.640%
1st payment$941.73$941.73$2,174.76
2nd payment$0.00$737.46$0.00
Taxes / mo$373.83$373.83$373.83
Insurance / mo$150.00$150.00$150.00
MI / mo$162.34$162.34$62.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,627.91$2,365.37$2,761.42
Cash to close$145,518$34,900$34,900