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$215,105$215,105$269,999
Remaining term (yrs)24.924.930.0
Secondary amount$0$54,894$0
Funding fee$0$0$0
Note rate2.980%2.980%7.320%
Blended rate3.830%4.881%7.560%
1st payment$1,017.82$1,017.82$1,854.71
2nd payment$0.00$411.71$0.00
Taxes / mo$250.00$250.00$250.00
Insurance / mo$150.00$150.00$150.00
MI / mo$171.44$171.44$54.00
HOA / mo$280.00$280.00$280.00
Total monthly$1,869.26$2,280.96$2,588.71
Cash to close$84,894$30,000$30,000