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$246,593$246,593$405,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$158,407$0
Funding fee$0$0$0
Note rate2.800%2.800%7.320%
Blended rate3.650%5.351%7.560%
1st payment$1,143.88$1,143.88$2,782.07
2nd payment$0.00$1,056.05$0.00
Taxes / mo$236.42$236.42$236.42
Insurance / mo$150.00$150.00$150.00
MI / mo$197.19$197.19$81.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,727.49$2,783.54$3,249.49
Cash to close$203,407$45,000$45,000