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$228,837$228,837$378,000
Remaining term (yrs)23.623.630.0
Secondary amount$0$149,163$0
Funding fee$0$0$0
Note rate2.970%2.970%7.320%
Blended rate3.820%5.469%7.560%
1st payment$1,120.09$1,120.09$2,596.60
2nd payment$0.00$994.42$0.00
Taxes / mo$316.58$316.58$316.58
Insurance / mo$150.00$150.00$150.00
MI / mo$184.95$184.95$75.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,771.62$2,766.04$3,138.78
Cash to close$191,163$42,000$42,000