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$234,125$234,125$382,500
Remaining term (yrs)25.025.030.0
Secondary amount$0$148,375$0
Funding fee$0$0$0
Note rate2.860%2.860%7.400%
Blended rate3.710%5.374%7.640%
1st payment$1,088.31$1,088.31$2,648.35
2nd payment$0.00$989.17$0.00
Taxes / mo$352.58$352.58$352.58
Insurance / mo$150.00$150.00$150.00
MI / mo$186.16$186.16$76.50
HOA / mo$81.67$81.67$81.67
Total monthly$1,858.73$2,847.90$3,309.11
Cash to close$190,875$42,500$42,500