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$228,173$228,173$359,100
Remaining term (yrs)24.124.130.0
Secondary amount$0$130,927$0
Funding fee$0$0$0
Note rate2.810%2.810%7.400%
Blended rate3.660%5.242%7.640%
1st payment$1,082.24$1,082.24$2,486.34
2nd payment$0.00$872.85$0.00
Taxes / mo$195.08$195.08$195.08
Insurance / mo$150.00$150.00$150.00
MI / mo$186.32$186.32$71.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,613.65$2,486.50$2,903.24
Cash to close$170,827$39,900$39,900