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$222,284$222,284$288,000
Remaining term (yrs)24.424.430.0
Secondary amount$0$65,716$0
Funding fee$0$0$0
Note rate2.650%2.650%7.320%
Blended rate3.500%4.755%7.560%
1st payment$1,028.69$1,028.69$1,978.36
2nd payment$0.00$492.87$0.00
Taxes / mo$363.08$363.08$363.08
Insurance / mo$150.00$150.00$150.00
MI / mo$180.82$180.82$57.60
HOA / mo$54.17$54.17$54.17
Total monthly$1,776.76$2,269.63$2,603.21
Cash to close$97,716$32,000$32,000