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$217,669$217,669$270,000
Remaining term (yrs)24.824.830.0
Secondary amount$0$52,331$0
Funding fee$0$0$0
Note rate2.980%2.980%7.320%
Blended rate3.830%4.832%7.560%
1st payment$1,032.27$1,032.27$1,854.71
2nd payment$0.00$392.48$0.00
Taxes / mo$340.67$340.67$340.67
Insurance / mo$150.00$150.00$150.00
MI / mo$173.88$173.88$54.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,696.82$2,089.30$2,399.38
Cash to close$82,331$30,000$30,000