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$222,710$222,710$270,000
Remaining term (yrs)24.424.430.0
Secondary amount$0$47,290$0
Funding fee$0$0$0
Note rate2.740%2.740%7.400%
Blended rate3.590%4.538%7.640%
1st payment$1,040.85$1,040.85$1,869.43
2nd payment$0.00$354.67$0.00
Taxes / mo$133.50$133.50$133.50
Insurance / mo$150.00$150.00$150.00
MI / mo$180.83$180.83$54.00
HOA / mo$330.00$330.00$330.00
Total monthly$1,835.18$2,189.85$2,536.93
Cash to close$77,290$30,000$30,000