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$241,848$241,848$386,906
Remaining term (yrs)22.822.830.0
Secondary amount$0$145,058$0
Funding fee$0$0$0
Note rate2.875%2.875%7.400%
Blended rate3.725%5.328%7.640%
1st payment$1,201.76$1,201.76$2,678.86
2nd payment$0.00$967.05$0.00
Taxes / mo$358.25$358.25$358.25
Insurance / mo$150.00$150.00$150.00
MI / mo$205.17$205.17$77.38
HOA / mo$540.00$540.00$540.00
Total monthly$2,455.18$3,422.23$3,804.48
Cash to close$188,047$42,990$42,990