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$226,244$226,244$363,150
Remaining term (yrs)24.224.230.0
Secondary amount$0$136,906$0
Funding fee$0$0$0
Note rate2.810%2.810%7.400%
Blended rate3.660%5.296%7.640%
1st payment$1,070.53$1,070.53$2,514.38
2nd payment$0.00$912.70$0.00
Taxes / mo$336.25$336.25$336.25
Insurance / mo$150.00$150.00$150.00
MI / mo$184.31$184.31$72.63
HOA / mo$0.00$0.00$0.00
Total monthly$1,741.09$2,653.79$3,073.26
Cash to close$177,256$40,350$40,350