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$226,043$226,043$402,750
Remaining term (yrs)24.924.930.0
Secondary amount$0$176,707$0
Funding fee$0$0$0
Note rate2.800%2.800%7.400%
Blended rate3.650%5.559%7.640%
1st payment$1,048.56$1,048.56$2,788.56
2nd payment$0.00$1,178.04$0.00
Taxes / mo$104.17$104.17$104.17
Insurance / mo$150.00$150.00$150.00
MI / mo$180.76$180.76$80.55
HOA / mo$0.00$0.00$0.00
Total monthly$1,483.48$2,661.53$3,123.28
Cash to close$221,457$44,750$44,750