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$230,213$230,213$301,500
Remaining term (yrs)24.424.430.0
Secondary amount$0$71,287$0
Funding fee$0$0$0
Note rate2.730%2.730%7.400%
Blended rate3.580%4.862%7.640%
1st payment$1,072.18$1,072.18$2,087.53
2nd payment$0.00$534.66$0.00
Taxes / mo$760.83$760.83$760.83
Insurance / mo$150.00$150.00$150.00
MI / mo$186.52$186.52$60.30
HOA / mo$12.50$12.50$12.50
Total monthly$2,182.03$2,716.68$3,071.16
Cash to close$104,787$33,500$33,500