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$214,472$214,472$368,910
Remaining term (yrs)24.124.130.0
Secondary amount$0$154,438$0
Funding fee$0$0$0
Note rate2.810%2.810%7.400%
Blended rate3.660%5.477%7.640%
1st payment$1,017.26$1,017.26$2,554.26
2nd payment$0.00$1,029.59$0.00
Taxes / mo$112.33$112.33$112.33
Insurance / mo$150.00$150.00$150.00
MI / mo$175.14$175.14$73.78
HOA / mo$0.00$0.00$0.00
Total monthly$1,454.73$2,484.32$2,890.37
Cash to close$195,428$40,990$40,990