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$218,456$218,456$278,100
Remaining term (yrs)24.224.230.0
Secondary amount$0$59,644$0
Funding fee$0$0$0
Note rate2.880%2.880%7.400%
Blended rate3.730%4.860%7.640%
1st payment$1,041.52$1,041.52$1,925.51
2nd payment$0.00$447.33$0.00
Taxes / mo$604.33$604.33$604.33
Insurance / mo$150.00$150.00$150.00
MI / mo$177.70$177.70$55.62
HOA / mo$8.33$8.33$8.33
Total monthly$1,981.88$2,429.21$2,743.79
Cash to close$90,544$30,900$30,900