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$219,452$219,452$269,999
Remaining term (yrs)25.325.330.0
Secondary amount$0$50,547$0
Funding fee$0$0$0
Note rate2.980%2.980%7.320%
Blended rate3.830%4.798%7.560%
1st payment$1,026.92$1,026.92$1,854.71
2nd payment$0.00$379.10$0.00
Taxes / mo$104.83$104.83$104.83
Insurance / mo$150.00$150.00$150.00
MI / mo$172.98$172.98$54.00
HOA / mo$320.00$320.00$320.00
Total monthly$1,774.73$2,153.84$2,483.54
Cash to close$80,547$30,000$30,000