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$233,503$233,503$391,500
Remaining term (yrs)24.024.030.0
Secondary amount$0$157,997$0
Funding fee$0$0$0
Note rate2.860%2.860%7.400%
Blended rate3.710%5.441%7.640%
1st payment$1,116.17$1,116.17$2,710.67
2nd payment$0.00$1,053.31$0.00
Taxes / mo$476.08$476.08$476.08
Insurance / mo$150.00$150.00$150.00
MI / mo$190.93$190.93$78.30
HOA / mo$131.00$131.00$131.00
Total monthly$2,064.18$3,117.49$3,546.05
Cash to close$201,497$43,500$43,500