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$243,232$243,232$373,500
Remaining term (yrs)24.324.330.0
Secondary amount$0$130,268$0
Funding fee$0$0$0
Note rate2.680%2.680%7.400%
Blended rate3.530%5.089%7.640%
1st payment$1,132.06$1,132.06$2,586.04
2nd payment$0.00$868.45$0.00
Taxes / mo$449.43$449.43$449.43
Insurance / mo$150.00$150.00$150.00
MI / mo$198.22$198.22$74.70
HOA / mo$550.00$550.00$550.00
Total monthly$2,479.71$3,348.16$3,810.17
Cash to close$171,768$41,500$41,500