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$246,232$246,232$344,700
Remaining term (yrs)24.424.430.0
Secondary amount$0$98,468$0
Funding fee$0$0$0
Note rate2.650%2.650%7.400%
Blended rate3.500%5.071%7.640%
1st payment$1,139.51$1,139.51$2,386.63
2nd payment$0.00$738.51$0.00
Taxes / mo$149.58$149.58$149.58
Insurance / mo$150.00$150.00$150.00
MI / mo$200.30$200.30$68.94
HOA / mo$140.00$140.00$140.00
Total monthly$1,779.40$2,517.91$2,895.16
Cash to close$136,768$38,300$38,300