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$225,215$225,215$270,000
Remaining term (yrs)24.324.330.0
Secondary amount$0$44,785$0
Funding fee$0$0$0
Note rate2.660%2.660%7.400%
Blended rate3.510%4.421%7.640%
1st payment$1,045.92$1,045.92$1,869.43
2nd payment$0.00$335.89$0.00
Taxes / mo$218.58$218.58$218.58
Insurance / mo$150.00$150.00$150.00
MI / mo$183.61$183.61$54.00
HOA / mo$14.58$14.58$14.58
Total monthly$1,612.69$1,948.58$2,306.59
Cash to close$74,785$30,000$30,000