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$229,248$229,248$287,910
Remaining term (yrs)25.025.030.0
Secondary amount$0$58,662$0
Funding fee$0$0$0
Note rate2.880%2.880%7.400%
Blended rate3.730%4.804%7.640%
1st payment$1,068.02$1,068.02$1,993.43
2nd payment$0.00$439.96$0.00
Taxes / mo$350.08$350.08$350.08
Insurance / mo$150.00$150.00$150.00
MI / mo$182.22$182.22$57.58
HOA / mo$0.00$0.00$0.00
Total monthly$1,750.32$2,190.28$2,551.10
Cash to close$90,652$31,990$31,990