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$220,303$220,303$314,100
Remaining term (yrs)24.024.030.0
Secondary amount$0$93,797$0
Funding fee$0$0$0
Note rate2.860%2.860%7.320%
Blended rate3.710%5.290%7.560%
1st payment$1,053.07$1,053.07$2,157.65
2nd payment$0.00$703.48$0.00
Taxes / mo$404.25$404.25$404.25
Insurance / mo$150.00$150.00$150.00
MI / mo$180.13$180.13$62.82
HOA / mo$24.92$24.92$24.92
Total monthly$1,812.37$2,515.85$2,799.64
Cash to close$128,697$34,900$34,900