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$227,878$227,878$310,500
Remaining term (yrs)24.024.030.0
Secondary amount$0$82,622$0
Funding fee$0$0$0
Note rate2.930%2.930%7.400%
Blended rate3.780%5.169%7.640%
1st payment$1,097.47$1,097.47$2,149.84
2nd payment$0.00$619.66$0.00
Taxes / mo$371.00$371.00$371.00
Insurance / mo$150.00$150.00$150.00
MI / mo$186.05$186.05$62.10
HOA / mo$81.00$81.00$81.00
Total monthly$1,885.52$2,505.18$2,813.94
Cash to close$117,122$34,500$34,500