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$244,221$244,221$305,100
Remaining term (yrs)24.424.430.0
Secondary amount$0$60,879$0
Funding fee$0$0$0
Note rate2.810%2.810%7.400%
Blended rate3.660%4.726%7.640%
1st payment$1,147.40$1,147.40$2,112.45
2nd payment$0.00$456.59$0.00
Taxes / mo$402.04$402.04$402.04
Insurance / mo$150.00$150.00$150.00
MI / mo$197.54$197.54$61.02
HOA / mo$527.00$527.00$527.00
Total monthly$2,423.99$2,880.58$3,252.51
Cash to close$94,779$33,900$33,900