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$232,085$232,085$305,996
Remaining term (yrs)24.324.330.0
Secondary amount$0$73,911$0
Funding fee$0$0$0
Note rate2.730%2.730%7.320%
Blended rate3.580%4.889%7.560%
1st payment$1,083.48$1,083.48$2,101.98
2nd payment$0.00$554.33$0.00
Taxes / mo$119.83$119.83$119.83
Insurance / mo$150.00$150.00$150.00
MI / mo$188.48$188.48$61.20
HOA / mo$74.00$74.00$74.00
Total monthly$1,615.79$2,170.12$2,507.01
Cash to close$107,910$34,000$34,000