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$223,493$223,493$292,500
Remaining term (yrs)24.224.230.0
Secondary amount$0$69,007$0
Funding fee$0$0$0
Note rate2.770%2.770%7.400%
Blended rate3.620%4.889%7.640%
1st payment$1,052.94$1,052.94$2,025.21
2nd payment$0.00$517.56$0.00
Taxes / mo$102.72$102.72$102.72
Insurance / mo$150.00$150.00$150.00
MI / mo$182.22$182.22$58.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,487.89$2,005.44$2,336.43
Cash to close$101,507$32,500$32,500