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$231,841$231,841$350,100
Remaining term (yrs)24.424.430.0
Secondary amount$0$118,259$0
Funding fee$0$0$0
Note rate2.810%2.810%7.320%
Blended rate3.660%5.126%7.560%
1st payment$1,089.24$1,089.24$2,404.94
2nd payment$0.00$788.39$0.00
Taxes / mo$624.33$624.33$624.33
Insurance / mo$150.00$150.00$150.00
MI / mo$187.53$187.53$70.02
HOA / mo$14.92$14.92$14.92
Total monthly$2,066.02$2,854.42$3,264.22
Cash to close$157,159$38,900$38,900