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$229,901$229,901$341,100
Remaining term (yrs)24.324.330.0
Secondary amount$0$111,199$0
Funding fee$0$0$0
Note rate2.710%2.710%7.400%
Blended rate3.560%5.007%7.640%
1st payment$1,073.52$1,073.52$2,361.71
2nd payment$0.00$741.33$0.00
Taxes / mo$617.83$617.83$617.83
Insurance / mo$150.00$150.00$150.00
MI / mo$187.23$187.23$68.22
HOA / mo$89.33$89.33$89.33
Total monthly$2,117.91$2,859.24$3,287.09
Cash to close$149,099$37,900$37,900