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$235,584$235,584$297,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$61,416$0
Funding fee$0$0$0
Note rate2.870%2.870%7.320%
Blended rate3.720%4.812%7.560%
1st payment$1,098.80$1,098.80$2,040.18
2nd payment$0.00$460.62$0.00
Taxes / mo$340.50$340.50$340.50
Insurance / mo$150.00$150.00$150.00
MI / mo$187.72$187.72$59.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,777.01$2,237.64$2,590.08
Cash to close$94,416$33,000$33,000