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$219,441$219,441$401,391
Remaining term (yrs)23.923.930.0
Secondary amount$0$181,950$0
Funding fee$0$0$0
Note rate2.990%2.990%7.320%
Blended rate3.840%5.726%7.560%
1st payment$1,068.66$1,068.66$2,757.28
2nd payment$0.00$1,213.00$0.00
Taxes / mo$500.50$500.50$500.50
Insurance / mo$150.00$150.00$150.00
MI / mo$179.78$179.78$80.28
HOA / mo$16.67$16.67$16.67
Total monthly$1,915.61$3,128.61$3,504.73
Cash to close$226,549$44,599$44,599