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$235,672$235,672$279,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$43,328$0
Funding fee$0$0$0
Note rate2.870%2.870%7.320%
Blended rate3.720%4.540%7.560%
1st payment$1,099.21$1,099.21$1,916.54
2nd payment$0.00$324.96$0.00
Taxes / mo$279.33$279.33$279.33
Insurance / mo$150.00$150.00$150.00
MI / mo$187.79$187.79$55.80
HOA / mo$620.67$620.67$620.67
Total monthly$2,337.00$2,661.96$3,022.34
Cash to close$74,328$31,000$31,000