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$224,423$224,423$324,000
Remaining term (yrs)24.424.430.0
Secondary amount$0$99,577$0
Funding fee$0$0$0
Note rate2.740%2.740%7.400%
Blended rate3.590%5.253%7.640%
1st payment$1,048.85$1,048.85$2,243.31
2nd payment$0.00$746.82$0.00
Taxes / mo$106.08$106.08$106.08
Insurance / mo$150.00$150.00$150.00
MI / mo$182.22$182.22$64.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,487.16$2,233.98$2,564.19
Cash to close$135,577$36,000$36,000