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$208,412$208,412$243,000
Remaining term (yrs)23.923.930.0
Secondary amount$0$34,588$0
Funding fee$0$0$0
Note rate2.980%2.980%7.400%
Blended rate3.830%4.566%7.640%
1st payment$1,013.88$1,013.88$1,682.48
2nd payment$0.00$259.41$0.00
Taxes / mo$216.08$216.08$216.08
Insurance / mo$150.00$150.00$150.00
MI / mo$170.78$170.78$48.60
HOA / mo$350.00$350.00$350.00
Total monthly$1,900.74$2,160.15$2,447.17
Cash to close$61,588$27,000$27,000