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$238,050$238,050$323,910
Remaining term (yrs)24.124.130.0
Secondary amount$0$85,860$0
Funding fee$0$0$0
Note rate2.700%2.700%7.320%
Blended rate3.550%4.995%7.560%
1st payment$1,115.75$1,115.75$2,225.04
2nd payment$0.00$643.95$0.00
Taxes / mo$354.33$354.33$354.33
Insurance / mo$150.00$150.00$150.00
MI / mo$194.85$194.85$64.78
HOA / mo$50.75$50.75$50.75
Total monthly$1,865.69$2,509.64$2,844.90
Cash to close$121,850$35,990$35,990