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$234,897$234,897$314,910
Remaining term (yrs)24.924.930.0
Secondary amount$0$80,013$0
Funding fee$0$0$0
Note rate2.860%2.860%7.400%
Blended rate3.710%5.054%7.640%
1st payment$1,094.38$1,094.38$2,180.37
2nd payment$0.00$600.10$0.00
Taxes / mo$108.87$108.87$108.87
Insurance / mo$150.00$150.00$150.00
MI / mo$187.20$187.20$62.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,540.45$2,140.56$2,502.23
Cash to close$115,003$34,990$34,990