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$235,771$235,771$283,500
Remaining term (yrs)24.124.130.0
Secondary amount$0$47,729$0
Funding fee$0$0$0
Note rate2.780%2.780%7.320%
Blended rate3.630%4.534%7.560%
1st payment$1,114.67$1,114.67$1,947.45
2nd payment$0.00$357.97$0.00
Taxes / mo$199.33$199.33$199.33
Insurance / mo$150.00$150.00$150.00
MI / mo$192.65$192.65$56.70
HOA / mo$240.00$240.00$240.00
Total monthly$1,896.66$2,254.62$2,593.48
Cash to close$79,229$31,500$31,500