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$230,366$230,366$346,500
Remaining term (yrs)24.424.430.0
Secondary amount$0$116,134$0
Funding fee$0$0$0
Note rate2.770%2.770%7.400%
Blended rate3.620%5.088%7.640%
1st payment$1,080.15$1,080.15$2,399.10
2nd payment$0.00$774.23$0.00
Taxes / mo$193.92$193.92$193.92
Insurance / mo$150.00$150.00$150.00
MI / mo$186.93$186.93$69.30
HOA / mo$100.00$100.00$100.00
Total monthly$1,711.00$2,485.23$2,912.31
Cash to close$154,634$38,500$38,500