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$132,569$132,569$332,100
Remaining term (yrs)9.49.430.0
Secondary amount$0$199,531$0
Funding fee$0$0$0
Note rate2.340%2.340%7.400%
Blended rate3.190%6.080%7.640%
1st payment$1,287.98$1,287.98$2,299.39
2nd payment$0.00$1,330.21$0.00
Taxes / mo$97.42$97.42$97.42
Insurance / mo$150.00$150.00$150.00
MI / mo$138.38$138.38$66.42
HOA / mo$398.00$398.00$398.00
Total monthly$2,071.77$3,401.98$3,011.23
Cash to close$236,431$36,900$36,900