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$246,273$246,273$355,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$109,227$0
Funding fee$0$0$0
Note rate2.870%2.870%7.400%
Blended rate3.720%5.035%7.640%
1st payment$1,151.27$1,151.27$2,461.41
2nd payment$0.00$728.18$0.00
Taxes / mo$198.75$198.75$198.75
Insurance / mo$150.00$150.00$150.00
MI / mo$196.68$196.68$71.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,696.70$2,424.88$2,881.26
Cash to close$148,727$39,500$39,500