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$228,601$228,601$359,100
Remaining term (yrs)24.124.130.0
Secondary amount$0$130,499$0
Funding fee$0$0$0
Note rate2.880%2.880%7.400%
Blended rate3.730%5.282%7.640%
1st payment$1,092.47$1,092.47$2,486.34
2nd payment$0.00$869.99$0.00
Taxes / mo$237.50$237.50$237.50
Insurance / mo$150.00$150.00$150.00
MI / mo$186.39$186.39$71.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,666.37$2,536.36$2,945.66
Cash to close$170,399$39,900$39,900