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$214,721$214,721$389,700
Remaining term (yrs)24.424.430.0
Secondary amount$0$174,979$0
Funding fee$0$0$0
Note rate2.790%2.790%7.400%
Blended rate3.640%5.598%7.640%
1st payment$1,008.99$1,008.99$2,698.20
2nd payment$0.00$1,166.53$0.00
Taxes / mo$129.33$129.33$129.33
Insurance / mo$150.00$150.00$150.00
MI / mo$174.16$174.16$77.94
HOA / mo$0.00$0.00$0.00
Total monthly$1,462.49$2,629.01$3,055.48
Cash to close$218,279$43,300$43,300