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$14,050$14,050$220,410
Remaining term (yrs)25.025.030.0
Secondary amount$0$206,360$0
Funding fee$0$0$0
Note rate2.860%2.860%7.400%
Blended rate3.710%7.492%7.640%
1st payment$65.31$65.31$1,526.07
2nd payment$0.00$1,332.74$0.00
Taxes / mo$216.42$216.42$216.42
Insurance / mo$150.00$150.00$150.00
MI / mo$11.17$11.17$44.08
HOA / mo$300.00$300.00$300.00
Total monthly$742.90$2,075.64$2,236.57
Cash to close$230,850$24,490$24,490