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$225,998$225,998$355,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$129,502$0
Funding fee$0$0$0
Note rate2.880%2.880%7.320%
Blended rate3.730%5.285%7.560%
1st payment$1,055.26$1,055.26$2,442.04
2nd payment$0.00$863.34$0.00
Taxes / mo$317.25$317.25$317.25
Insurance / mo$150.00$150.00$150.00
MI / mo$180.04$180.04$71.10
HOA / mo$57.08$57.08$57.08
Total monthly$1,759.63$2,622.98$3,037.47
Cash to close$169,002$39,500$39,500