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$212,232$212,232$404,550
Remaining term (yrs)23.923.930.0
Secondary amount$0$192,318$0
Funding fee$0$0$0
Note rate2.880%2.880%7.320%
Blended rate3.730%5.760%7.560%
1st payment$1,019.10$1,019.10$2,778.98
2nd payment$0.00$1,282.12$0.00
Taxes / mo$352.42$352.42$352.42
Insurance / mo$150.00$150.00$150.00
MI / mo$173.88$173.88$80.91
HOA / mo$0.00$0.00$0.00
Total monthly$1,695.39$2,977.51$3,362.30
Cash to close$237,268$44,950$44,950