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$232,818$232,818$324,000
Remaining term (yrs)24.424.430.0
Secondary amount$0$91,182$0
Funding fee$0$0$0
Note rate2.970%2.970%7.400%
Blended rate3.820%5.278%7.640%
1st payment$1,113.01$1,113.01$2,243.31
2nd payment$0.00$683.87$0.00
Taxes / mo$163.92$163.92$163.92
Insurance / mo$150.00$150.00$150.00
MI / mo$187.72$187.72$64.80
HOA / mo$16.00$16.00$16.00
Total monthly$1,630.64$2,314.51$2,638.03
Cash to close$127,182$36,000$36,000