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$201,255$201,255$302,970
Remaining term (yrs)24.924.930.0
Secondary amount$0$101,715$0
Funding fee$0$0$0
Note rate2.870%2.870%7.240%
Blended rate3.720%5.157%7.480%
1st payment$938.68$938.68$2,064.73
2nd payment$0.00$678.10$0.00
Taxes / mo$253.42$253.42$253.42
Insurance / mo$150.00$150.00$150.00
MI / mo$160.36$160.36$60.59
HOA / mo$265.00$265.00$265.00
Total monthly$1,767.46$2,445.56$2,793.74
Cash to close$135,378$33,663$33,663