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$218,382$218,382$341,910
Remaining term (yrs)24.424.430.0
Secondary amount$0$123,528$0
Funding fee$0$0$0
Note rate2.730%2.730%7.320%
Blended rate3.580%5.177%7.560%
1st payment$1,019.51$1,019.51$2,348.68
2nd payment$0.00$823.52$0.00
Taxes / mo$392.33$392.33$392.33
Insurance / mo$150.00$150.00$150.00
MI / mo$177.35$177.35$68.38
HOA / mo$0.00$0.00$0.00
Total monthly$1,739.19$2,562.71$2,959.40
Cash to close$161,518$37,990$37,990