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$216,792$216,792$350,100
Remaining term (yrs)20.420.430.0
Secondary amount$0$133,308$0
Funding fee$0$0$0
Note rate2.660%2.660%7.400%
Blended rate3.510%5.220%7.640%
1st payment$1,140.74$1,140.74$2,424.02
2nd payment$0.00$888.72$0.00
Taxes / mo$324.17$324.17$324.17
Insurance / mo$150.00$150.00$150.00
MI / mo$176.92$176.92$70.02
HOA / mo$468.00$468.00$468.00
Total monthly$2,259.83$3,148.55$3,436.21
Cash to close$172,208$38,900$38,900