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$235,226$235,226$292,500
Remaining term (yrs)24.724.730.0
Secondary amount$0$57,274$0
Funding fee$0$0$0
Note rate2.990%2.990%7.400%
Blended rate3.840%4.850%7.640%
1st payment$1,119.28$1,119.28$2,025.21
2nd payment$0.00$429.55$0.00
Taxes / mo$157.42$157.42$157.42
Insurance / mo$150.00$150.00$150.00
MI / mo$188.29$188.29$58.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,614.99$2,044.54$2,391.13
Cash to close$89,774$32,500$32,500