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$211,815$211,815$310,482
Remaining term (yrs)23.923.930.0
Secondary amount$0$98,667$0
Funding fee$0$0$0
Note rate2.990%2.990%7.320%
Blended rate3.840%5.480%7.560%
1st payment$1,031.52$1,031.52$2,132.80
2nd payment$0.00$740.00$0.00
Taxes / mo$114.17$114.17$114.17
Insurance / mo$150.00$150.00$150.00
MI / mo$173.53$173.53$62.10
HOA / mo$50.00$50.00$50.00
Total monthly$1,519.22$2,259.22$2,509.06
Cash to close$133,165$34,498$34,498