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$240,777$240,777$332,775
Remaining term (yrs)24.324.330.0
Secondary amount$0$91,998$0
Funding fee$0$0$0
Note rate2.740%2.740%7.320%
Blended rate3.590%5.086%7.560%
1st payment$1,125.28$1,125.28$2,285.93
2nd payment$0.00$689.98$0.00
Taxes / mo$284.67$284.67$284.67
Insurance / mo$150.00$150.00$150.00
MI / mo$195.50$195.50$66.55
HOA / mo$380.00$380.00$380.00
Total monthly$2,135.45$2,825.43$3,167.16
Cash to close$128,973$36,975$36,975