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$243,709$243,709$365,850
Remaining term (yrs)24.924.930.0
Secondary amount$0$122,141$0
Funding fee$0$0$0
Note rate2.800%2.800%7.320%
Blended rate3.650%5.102%7.560%
1st payment$1,130.50$1,130.50$2,513.14
2nd payment$0.00$814.28$0.00
Taxes / mo$296.17$296.17$296.17
Insurance / mo$150.00$150.00$150.00
MI / mo$194.89$194.89$73.17
HOA / mo$0.00$0.00$0.00
Total monthly$1,771.55$2,585.83$3,032.47
Cash to close$162,791$40,650$40,650