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$214,976$214,976$314,910
Remaining term (yrs)23.923.930.0
Secondary amount$0$99,934$0
Funding fee$0$0$0
Note rate2.940%2.940%7.320%
Blended rate3.790%5.443%7.560%
1st payment$1,038.90$1,038.90$2,163.21
2nd payment$0.00$749.51$0.00
Taxes / mo$295.86$295.86$295.86
Insurance / mo$150.00$150.00$150.00
MI / mo$175.89$175.89$62.98
HOA / mo$45.00$45.00$45.00
Total monthly$1,705.65$2,455.16$2,717.06
Cash to close$134,924$34,990$34,990