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$230,289$230,289$341,100
Remaining term (yrs)24.324.330.0
Secondary amount$0$110,811$0
Funding fee$0$0$0
Note rate2.660%2.660%7.320%
Blended rate3.510%4.969%7.560%
1st payment$1,069.48$1,069.48$2,343.12
2nd payment$0.00$738.74$0.00
Taxes / mo$694.92$694.92$694.92
Insurance / mo$150.00$150.00$150.00
MI / mo$187.75$187.75$68.22
HOA / mo$14.00$14.00$14.00
Total monthly$2,116.15$2,854.89$3,270.26
Cash to close$148,711$37,900$37,900