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$213,778$213,778$359,910
Remaining term (yrs)24.024.030.0
Secondary amount$0$146,132$0
Funding fee$0$0$0
Note rate2.870%2.870%7.400%
Blended rate3.720%5.458%7.640%
1st payment$1,022.97$1,022.97$2,491.94
2nd payment$0.00$974.21$0.00
Taxes / mo$318.67$318.67$318.67
Insurance / mo$150.00$150.00$150.00
MI / mo$174.76$174.76$71.98
HOA / mo$65.00$65.00$65.00
Total monthly$1,731.40$2,705.61$3,097.59
Cash to close$186,122$39,990$39,990