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$231,298$231,298$334,710
Remaining term (yrs)24.424.430.0
Secondary amount$0$103,412$0
Funding fee$0$0$0
Note rate2.810%2.810%7.320%
Blended rate3.660%5.001%7.560%
1st payment$1,086.69$1,086.69$2,299.23
2nd payment$0.00$689.41$0.00
Taxes / mo$398.25$398.25$398.25
Insurance / mo$150.00$150.00$150.00
MI / mo$187.09$187.09$66.94
HOA / mo$37.33$37.33$37.33
Total monthly$1,859.36$2,548.77$2,951.75
Cash to close$140,602$37,190$37,190