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$244,445$244,445$292,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$48,055$0
Funding fee$0$0$0
Note rate2.880%2.880%7.400%
Blended rate3.730%4.596%7.640%
1st payment$1,141.39$1,141.39$2,025.21
2nd payment$0.00$360.41$0.00
Taxes / mo$157.25$157.25$157.25
Insurance / mo$150.00$150.00$150.00
MI / mo$194.74$194.74$58.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,643.38$2,003.79$2,390.96
Cash to close$80,555$32,500$32,500