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$202,636$202,636$234,000
Remaining term (yrs)24.724.730.0
Secondary amount$0$31,364$0
Funding fee$0$0$0
Note rate2.960%2.960%7.240%
Blended rate3.810%4.506%7.480%
1st payment$961.05$961.05$1,594.71
2nd payment$0.00$235.23$0.00
Taxes / mo$460.03$460.03$460.03
Insurance / mo$150.00$150.00$150.00
MI / mo$162.29$162.29$46.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,733.37$1,968.60$2,251.53
Cash to close$57,364$26,000$26,000