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$230,270$230,270$324,000
Remaining term (yrs)24.224.230.0
Secondary amount$0$93,730$0
Funding fee$0$0$0
Note rate2.860%2.860%7.400%
Blended rate3.710%5.240%7.640%
1st payment$1,095.48$1,095.48$2,243.31
2nd payment$0.00$702.97$0.00
Taxes / mo$300.00$300.00$300.00
Insurance / mo$150.00$150.00$150.00
MI / mo$187.39$187.39$64.80
HOA / mo$3.58$3.58$3.58
Total monthly$1,736.45$2,439.42$2,761.69
Cash to close$129,730$36,000$36,000