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$137,318$137,318$308,250
Remaining term (yrs)9.79.730.0
Secondary amount$0$170,932$0
Funding fee$0$0$0
Note rate2.290%2.290%7.400%
Blended rate3.140%5.835%7.640%
1st payment$1,300.76$1,300.76$2,134.26
2nd payment$0.00$1,139.54$0.00
Taxes / mo$224.33$224.33$224.33
Insurance / mo$150.00$150.00$150.00
MI / mo$140.25$140.25$61.65
HOA / mo$234.00$234.00$234.00
Total monthly$2,049.34$3,188.89$2,804.24
Cash to close$205,182$34,250$34,250