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$214,345$214,345$337,500
Remaining term (yrs)23.923.930.0
Secondary amount$0$123,155$0
Funding fee$0$0$0
Note rate2.930%2.930%7.320%
Blended rate3.780%5.320%7.560%
1st payment$1,034.75$1,034.75$2,318.39
2nd payment$0.00$821.03$0.00
Taxes / mo$345.67$345.67$345.67
Insurance / mo$150.00$150.00$150.00
MI / mo$175.41$175.41$67.50
HOA / mo$73.00$73.00$73.00
Total monthly$1,778.83$2,599.86$2,954.56
Cash to close$160,655$37,500$37,500