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$222,340$222,340$360,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$137,660$0
Funding fee$0$0$0
Note rate2.770%2.770%7.400%
Blended rate3.620%5.295%7.640%
1st payment$1,027.96$1,027.96$2,492.57
2nd payment$0.00$917.73$0.00
Taxes / mo$171.17$171.17$171.17
Insurance / mo$150.00$150.00$150.00
MI / mo$177.90$177.90$72.00
HOA / mo$454.00$454.00$454.00
Total monthly$1,981.02$2,898.75$3,339.73
Cash to close$177,660$40,000$40,000