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$228,650$228,650$286,650
Remaining term (yrs)24.424.430.0
Secondary amount$0$58,000$0
Funding fee$0$0$0
Note rate2.730%2.730%7.320%
Blended rate3.580%4.677%7.560%
1st payment$1,067.44$1,067.44$1,969.09
2nd payment$0.00$435.00$0.00
Taxes / mo$136.50$136.50$136.50
Insurance / mo$150.00$150.00$150.00
MI / mo$185.69$185.69$57.33
HOA / mo$217.00$217.00$217.00
Total monthly$1,756.63$2,191.63$2,529.92
Cash to close$89,850$31,850$31,850