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$219,260$219,260$260,910
Remaining term (yrs)24.424.430.0
Secondary amount$0$41,650$0
Funding fee$0$0$0
Note rate2.810%2.810%7.320%
Blended rate3.660%4.512%7.560%
1st payment$1,030.13$1,030.13$1,792.27
2nd payment$0.00$312.37$0.00
Taxes / mo$419.58$419.58$419.58
Insurance / mo$150.00$150.00$150.00
MI / mo$177.35$177.35$52.18
HOA / mo$41.67$41.67$41.67
Total monthly$1,818.74$2,131.11$2,455.71
Cash to close$70,640$28,990$28,990