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$222,023$222,023$328,500
Remaining term (yrs)24.824.830.0
Secondary amount$0$106,477$0
Funding fee$0$0$0
Note rate2.980%2.980%7.320%
Blended rate3.830%5.182%7.560%
1st payment$1,052.92$1,052.92$2,256.57
2nd payment$0.00$709.85$0.00
Taxes / mo$282.50$282.50$282.50
Insurance / mo$150.00$150.00$150.00
MI / mo$177.35$177.35$65.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,662.77$2,372.62$2,754.77
Cash to close$142,977$36,500$36,500