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$386,910
Remaining term (yrs)24.024.030.0
Secondary amount$0$137,950$0
Funding fee$0$0$0
Note rate2.890%2.890%7.400%
Blended rate3.740%5.259%7.640%
1st payment$1,193.88$1,193.88$2,678.89
2nd payment$0.00$919.67$0.00
Taxes / mo$144.17$144.17$144.17
Insurance / mo$150.00$150.00$150.00
MI / mo$203.43$203.43$77.38
HOA / mo$0.00$0.00$0.00
Total monthly$1,691.48$2,611.15$3,050.44
Cash to close$180,940$42,990$42,990