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$232,971$232,971$340,110
Remaining term (yrs)24.424.430.0
Secondary amount$0$107,139$0
Funding fee$0$0$0
Note rate2.730%2.730%7.400%
Blended rate3.580%4.972%7.640%
1st payment$1,085.02$1,085.02$2,354.85
2nd payment$0.00$714.26$0.00
Taxes / mo$390.08$390.08$390.08
Insurance / mo$150.00$150.00$150.00
MI / mo$188.75$188.75$68.02
HOA / mo$92.33$92.33$92.33
Total monthly$1,906.19$2,620.45$3,055.29
Cash to close$144,929$37,790$37,790