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$230,159$230,159$373,500
Remaining term (yrs)23.923.930.0
Secondary amount$0$143,341$0
Funding fee$0$0$0
Note rate2.990%2.990%7.400%
Blended rate3.840%5.437%7.640%
1st payment$1,118.21$1,118.21$2,586.04
2nd payment$0.00$955.60$0.00
Taxes / mo$271.17$271.17$271.17
Insurance / mo$150.00$150.00$150.00
MI / mo$188.11$188.11$74.70
HOA / mo$90.00$90.00$90.00
Total monthly$1,817.49$2,773.09$3,171.91
Cash to close$184,841$41,500$41,500