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$236,020$236,020$247,491
Remaining term (yrs)24.924.930.0
Secondary amount$0$25,221$0
Funding fee$0$0$0
Note rate2.980%2.980%7.320%
Blended rate3.830%4.607%7.560%
1st payment$1,116.78$1,116.78$1,700.09
2nd payment$0.00$249.58$0.00
Taxes / mo$423.76$423.76$423.76
Insurance / mo$150.00$150.00$150.00
MI / mo$188.11$188.11$49.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,878.65$2,128.23$2,323.35
Cash to close$38,970$13,750$27,499