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$214,080$214,080$305,100
Remaining term (yrs)24.124.130.0
Secondary amount$0$91,020$0
Funding fee$0$0$0
Note rate2.810%2.810%7.400%
Blended rate3.660%5.253%7.640%
1st payment$1,015.40$1,015.40$2,112.45
2nd payment$0.00$682.65$0.00
Taxes / mo$229.33$229.33$229.33
Insurance / mo$150.00$150.00$150.00
MI / mo$174.82$174.82$61.02
HOA / mo$330.00$330.00$330.00
Total monthly$1,899.55$2,582.20$2,882.80
Cash to close$124,920$33,900$33,900