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$245,254$245,254$314,100
Remaining term (yrs)24.024.030.0
Secondary amount$0$68,846$0
Funding fee$0$0$0
Note rate2.960%2.960%7.400%
Blended rate3.810%4.948%7.640%
1st payment$1,187.75$1,187.75$2,174.76
2nd payment$0.00$516.35$0.00
Taxes / mo$290.83$290.83$290.83
Insurance / mo$150.00$150.00$150.00
MI / mo$200.58$200.58$62.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,829.16$2,345.51$2,678.42
Cash to close$103,746$34,900$34,900