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$245,002$245,002$370,800
Remaining term (yrs)24.124.130.0
Secondary amount$0$125,798$0
Funding fee$0$0$0
Note rate2.890%2.890%7.400%
Blended rate3.740%5.185%7.640%
1st payment$1,172.11$1,172.11$2,567.34
2nd payment$0.00$838.65$0.00
Taxes / mo$683.94$683.94$683.94
Insurance / mo$150.00$150.00$150.00
MI / mo$199.72$199.72$74.16
HOA / mo$12.50$12.50$12.50
Total monthly$2,218.27$3,056.92$3,487.94
Cash to close$166,998$41,200$41,200