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$246,122$246,122$404,100
Remaining term (yrs)23.923.930.0
Secondary amount$0$157,978$0
Funding fee$0$0$0
Note rate2.880%2.880%7.400%
Blended rate3.730%5.399%7.640%
1st payment$1,184.68$1,184.68$2,797.91
2nd payment$0.00$1,053.18$0.00
Taxes / mo$625.33$625.33$625.33
Insurance / mo$150.00$150.00$150.00
MI / mo$202.13$202.13$80.82
HOA / mo$15.75$15.75$15.75
Total monthly$2,177.89$3,231.07$3,669.81
Cash to close$202,878$44,900$44,900