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$221,513$221,513$301,410
Remaining term (yrs)23.923.930.0
Secondary amount$0$79,897$0
Funding fee$0$0$0
Note rate2.930%2.930%7.400%
Blended rate3.780%5.164%7.640%
1st payment$1,071.91$1,071.91$2,086.90
2nd payment$0.00$599.23$0.00
Taxes / mo$490.71$490.71$490.71
Insurance / mo$150.00$150.00$150.00
MI / mo$181.71$181.71$60.28
HOA / mo$166.67$166.67$166.67
Total monthly$2,061.00$2,660.23$2,954.56
Cash to close$113,387$33,490$33,490