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$216,148$216,148$337,500
Remaining term (yrs)24.324.330.0
Secondary amount$0$121,352$0
Funding fee$0$0$0
Note rate2.770%2.770%7.320%
Blended rate3.620%5.195%7.560%
1st payment$1,013.49$1,013.49$2,318.39
2nd payment$0.00$809.01$0.00
Taxes / mo$381.50$381.50$381.50
Insurance / mo$150.00$150.00$150.00
MI / mo$175.39$175.39$67.50
HOA / mo$233.00$233.00$233.00
Total monthly$1,953.38$2,762.39$3,150.39
Cash to close$158,852$37,500$37,500