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$247,110$247,110$337,410
Remaining term (yrs)24.824.830.0
Secondary amount$0$90,300$0
Funding fee$0$0$0
Note rate3.020%3.020%7.320%
Blended rate3.870%5.243%7.560%
1st payment$1,177.03$1,177.03$2,317.77
2nd payment$0.00$677.25$0.00
Taxes / mo$439.33$439.33$439.33
Insurance / mo$150.00$150.00$150.00
MI / mo$197.25$197.25$67.48
HOA / mo$0.00$0.00$0.00
Total monthly$1,963.61$2,640.86$2,974.59
Cash to close$127,790$37,490$37,490