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$228,246$228,246$346,500
Remaining term (yrs)24.424.430.0
Secondary amount$0$118,254$0
Funding fee$0$0$0
Note rate2.670%2.670%7.400%
Blended rate3.520%5.049%7.640%
1st payment$1,058.59$1,058.59$2,399.10
2nd payment$0.00$788.36$0.00
Taxes / mo$320.83$320.83$320.83
Insurance / mo$150.00$150.00$150.00
MI / mo$185.60$185.60$69.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,715.02$2,503.38$2,939.23
Cash to close$156,754$38,500$38,500