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$226,258$226,258$297,000
Remaining term (yrs)24.024.030.0
Secondary amount$0$70,742$0
Funding fee$0$0$0
Note rate2.860%2.860%7.400%
Blended rate3.710%4.970%7.640%
1st payment$1,081.53$1,081.53$2,056.37
2nd payment$0.00$530.57$0.00
Taxes / mo$315.08$315.08$315.08
Insurance / mo$150.00$150.00$150.00
MI / mo$185.00$185.00$59.40
HOA / mo$178.00$178.00$178.00
Total monthly$1,909.62$2,440.18$2,758.85
Cash to close$103,742$33,000$33,000