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$213,765$213,765$385,200
Remaining term (yrs)24.124.130.0
Secondary amount$0$171,435$0
Funding fee$0$0$0
Note rate2.830%2.830%7.320%
Blended rate3.680%5.603%7.560%
1st payment$1,016.09$1,016.09$2,646.06
2nd payment$0.00$1,142.90$0.00
Taxes / mo$143.00$143.00$143.00
Insurance / mo$150.00$150.00$150.00
MI / mo$174.48$174.48$77.04
HOA / mo$0.00$0.00$0.00
Total monthly$1,483.58$2,626.48$3,016.10
Cash to close$214,235$42,800$42,800