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$221,108$221,108$306,000
Remaining term (yrs)23.923.930.0
Secondary amount$0$84,892$0
Funding fee$0$0$0
Note rate2.960%2.960%7.400%
Blended rate3.810%5.250%7.640%
1st payment$1,070.81$1,070.81$2,118.68
2nd payment$0.00$636.69$0.00
Taxes / mo$111.75$111.75$111.75
Insurance / mo$150.00$150.00$150.00
MI / mo$180.83$180.83$61.20
HOA / mo$535.00$535.00$535.00
Total monthly$2,048.39$2,685.08$2,976.63
Cash to close$118,892$34,000$34,000