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$218,067$218,067$319,410
Remaining term (yrs)24.924.930.0
Secondary amount$0$101,343$0
Funding fee$0$0$0
Note rate2.880%2.880%7.400%
Blended rate3.730%5.085%7.640%
1st payment$1,020.54$1,020.54$2,211.53
2nd payment$0.00$675.62$0.00
Taxes / mo$103.08$103.08$103.08
Insurance / mo$150.00$150.00$150.00
MI / mo$174.12$174.12$63.88
HOA / mo$0.00$0.00$0.00
Total monthly$1,447.75$2,123.36$2,528.50
Cash to close$136,833$35,490$35,490