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$235,584$235,584$288,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$52,416$0
Funding fee$0$0$0
Note rate2.870%2.870%7.320%
Blended rate3.720%4.681%7.560%
1st payment$1,098.80$1,098.80$1,978.36
2nd payment$0.00$393.12$0.00
Taxes / mo$340.50$340.50$340.50
Insurance / mo$150.00$150.00$150.00
MI / mo$187.72$187.72$57.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,777.01$2,170.14$2,526.46
Cash to close$84,416$32,000$32,000