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$229,802$229,802$274,500
Remaining term (yrs)25.125.130.0
Secondary amount$0$44,698$0
Funding fee$0$0$0
Note rate2.980%2.980%7.400%
Blended rate3.830%4.672%7.640%
1st payment$1,080.11$1,080.11$1,900.58
2nd payment$0.00$335.23$0.00
Taxes / mo$372.42$372.42$372.42
Insurance / mo$150.00$150.00$150.00
MI / mo$181.93$181.93$54.90
HOA / mo$58.67$58.67$58.67
Total monthly$1,843.13$2,178.36$2,536.57
Cash to close$75,198$30,500$30,500