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$214,961$214,961$292,500
Remaining term (yrs)24.424.430.0
Secondary amount$0$77,539$0
Funding fee$0$0$0
Note rate2.810%2.810%7.320%
Blended rate3.660%5.076%7.560%
1st payment$1,009.93$1,009.93$2,009.27
2nd payment$0.00$581.54$0.00
Taxes / mo$570.75$570.75$570.75
Insurance / mo$150.00$150.00$150.00
MI / mo$173.88$173.88$58.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,904.56$2,486.10$2,788.52
Cash to close$110,039$32,500$32,500