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$248,643$248,643$378,000
Remaining term (yrs)24.424.430.0
Secondary amount$0$129,357$0
Funding fee$0$0$0
Note rate2.670%2.670%7.400%
Blended rate3.520%5.053%7.640%
1st payment$1,150.42$1,150.42$2,617.20
2nd payment$0.00$862.38$0.00
Taxes / mo$350.00$350.00$350.00
Insurance / mo$150.00$150.00$150.00
MI / mo$201.70$201.70$75.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,852.12$2,714.50$3,192.80
Cash to close$171,357$42,000$42,000