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$225,500$225,500$292,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$67,000$0
Funding fee$0$0$0
Note rate2.840%2.840%7.400%
Blended rate3.690%4.906%7.640%
1st payment$1,048.28$1,048.28$2,025.21
2nd payment$0.00$502.50$0.00
Taxes / mo$375.50$375.50$375.50
Insurance / mo$150.00$150.00$150.00
MI / mo$179.78$179.78$58.50
HOA / mo$100.00$100.00$100.00
Total monthly$1,853.56$2,356.06$2,709.21
Cash to close$99,500$32,500$32,500