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$229,477$229,477$373,410
Remaining term (yrs)24.124.130.0
Secondary amount$0$143,933$0
Funding fee$0$0$0
Note rate2.810%2.810%7.400%
Blended rate3.660%5.333%7.640%
1st payment$1,088.43$1,088.43$2,585.42
2nd payment$0.00$959.55$0.00
Taxes / mo$345.75$345.75$345.75
Insurance / mo$150.00$150.00$150.00
MI / mo$187.39$187.39$74.68
HOA / mo$0.00$0.00$0.00
Total monthly$1,771.57$2,731.12$3,155.85
Cash to close$185,423$41,490$41,490