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$225,508$225,508$351,000
Remaining term (yrs)23.923.930.0
Secondary amount$0$125,492$0
Funding fee$0$0$0
Note rate2.990%2.990%7.320%
Blended rate3.840%5.327%7.560%
1st payment$1,095.61$1,095.61$2,411.13
2nd payment$0.00$836.61$0.00
Taxes / mo$386.00$386.00$386.00
Insurance / mo$150.00$150.00$150.00
MI / mo$184.31$184.31$70.20
HOA / mo$30.25$30.25$30.25
Total monthly$1,846.17$2,682.78$3,047.58
Cash to close$164,492$39,000$39,000