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$230,573$230,573$314,550
Remaining term (yrs)24.224.230.0
Secondary amount$0$83,977$0
Funding fee$0$0$0
Note rate2.840%2.840%7.400%
Blended rate3.690%5.108%7.640%
1st payment$1,094.55$1,094.55$2,177.88
2nd payment$0.00$629.83$0.00
Taxes / mo$328.50$328.50$328.50
Insurance / mo$150.00$150.00$150.00
MI / mo$187.72$187.72$62.91
HOA / mo$70.00$70.00$70.00
Total monthly$1,830.77$2,460.60$2,789.29
Cash to close$118,927$34,950$34,950