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$231,786$231,786$265,500
Remaining term (yrs)25.025.030.0
Secondary amount$0$33,714$0
Funding fee$0$0$0
Note rate2.880%2.880%7.400%
Blended rate3.730%4.399%7.640%
1st payment$1,079.83$1,079.83$1,838.27
2nd payment$0.00$252.86$0.00
Taxes / mo$517.17$517.17$517.17
Insurance / mo$150.00$150.00$150.00
MI / mo$184.24$184.24$53.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,931.24$2,184.10$2,558.54
Cash to close$63,214$29,500$29,500