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$222,031$222,031$297,000
Remaining term (yrs)24.224.230.0
Secondary amount$0$74,969$0
Funding fee$0$0$0
Note rate2.840%2.840%7.320%
Blended rate3.690%5.030%7.560%
1st payment$1,054.00$1,054.00$2,040.18
2nd payment$0.00$562.27$0.00
Taxes / mo$154.08$154.08$154.08
Insurance / mo$150.00$150.00$150.00
MI / mo$180.76$180.76$59.40
HOA / mo$42.00$42.00$42.00
Total monthly$1,580.85$2,143.12$2,445.67
Cash to close$107,969$33,000$33,000