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$243,621$243,621$387,000
Remaining term (yrs)24.724.730.0
Secondary amount$0$143,379$0
Funding fee$0$0$0
Note rate2.940%2.940%7.400%
Blended rate3.790%5.350%7.640%
1st payment$1,152.91$1,152.91$2,679.51
2nd payment$0.00$955.86$0.00
Taxes / mo$178.50$178.50$178.50
Insurance / mo$150.00$150.00$150.00
MI / mo$195.19$195.19$77.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,676.60$2,632.46$3,085.41
Cash to close$186,379$43,000$43,000