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$247,369$247,369$350,100
Remaining term (yrs)24.224.230.0
Secondary amount$0$102,731$0
Funding fee$0$0$0
Note rate2.770%2.770%7.320%
Blended rate3.620%4.905%7.560%
1st payment$1,165.43$1,165.43$2,404.94
2nd payment$0.00$684.87$0.00
Taxes / mo$465.83$465.83$465.83
Insurance / mo$150.00$150.00$150.00
MI / mo$201.69$201.69$70.02
HOA / mo$106.67$106.67$106.67
Total monthly$2,089.62$2,774.50$3,197.47
Cash to close$141,631$38,900$38,900