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$244,496$244,496$305,910
Remaining term (yrs)24.924.930.0
Secondary amount$0$61,414$0
Funding fee$0$0$0
Note rate2.770%2.770%7.320%
Blended rate3.620%4.700%7.560%
1st payment$1,127.78$1,127.78$2,101.39
2nd payment$0.00$460.61$0.00
Taxes / mo$178.42$178.42$178.42
Insurance / mo$150.00$150.00$150.00
MI / mo$195.17$195.17$61.18
HOA / mo$60.00$60.00$60.00
Total monthly$1,711.37$2,171.98$2,550.99
Cash to close$95,404$33,990$33,990