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$215,889$215,889$278,910
Remaining term (yrs)23.823.830.0
Secondary amount$0$63,021$0
Funding fee$0$0$0
Note rate2.900%2.900%7.400%
Blended rate3.750%4.936%7.640%
1st payment$1,043.88$1,043.88$1,931.12
2nd payment$0.00$472.65$0.00
Taxes / mo$60.17$60.17$60.17
Insurance / mo$150.00$150.00$150.00
MI / mo$173.88$173.88$55.78
HOA / mo$0.00$0.00$0.00
Total monthly$1,427.93$1,900.58$2,197.07
Cash to close$94,011$30,990$30,990