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$248,960$248,960$391,500
Remaining term (yrs)24.024.030.0
Secondary amount$0$142,540$0
Funding fee$0$0$0
Note rate2.890%2.890%7.400%
Blended rate3.740%5.291%7.640%
1st payment$1,193.88$1,193.88$2,710.67
2nd payment$0.00$950.27$0.00
Taxes / mo$144.17$144.17$144.17
Insurance / mo$150.00$150.00$150.00
MI / mo$203.43$203.43$78.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,691.48$2,641.75$3,083.13
Cash to close$186,040$43,500$43,500