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$227,308$227,308$315,000
Remaining term (yrs)25.025.030.0
Secondary amount$0$87,692$0
Funding fee$0$0$0
Note rate2.880%2.880%7.320%
Blended rate3.730%5.197%7.560%
1st payment$1,058.97$1,058.97$2,163.83
2nd payment$0.00$657.69$0.00
Taxes / mo$291.67$291.67$291.67
Insurance / mo$150.00$150.00$150.00
MI / mo$180.68$180.68$63.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,681.32$2,339.01$2,668.50
Cash to close$122,692$35,000$35,000