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$236,694$236,694$256,500
Remaining term (yrs)25.125.130.0
Secondary amount$0$34,056$0
Funding fee$0$0$0
Note rate2.980%2.980%7.320%
Blended rate3.830%4.842%7.560%
1st payment$1,112.50$1,112.50$1,761.98
2nd payment$0.00$337.01$0.00
Taxes / mo$93.75$93.75$93.75
Insurance / mo$150.00$150.00$150.00
MI / mo$187.39$187.39$51.30
HOA / mo$175.00$175.00$175.00
Total monthly$1,718.64$2,055.65$2,232.03
Cash to close$48,306$14,250$28,500