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$245,046$245,046$431,100
Remaining term (yrs)23.923.930.0
Secondary amount$0$186,054$0
Funding fee$0$0$0
Note rate2.910%2.910%7.320%
Blended rate3.760%5.590%7.560%
1st payment$1,180.44$1,180.44$2,961.36
2nd payment$0.00$1,240.36$0.00
Taxes / mo$323.25$323.25$323.25
Insurance / mo$166.67$166.67$166.67
MI / mo$200.63$200.63$86.22
HOA / mo$135.00$135.00$135.00
Total monthly$2,005.98$3,246.34$3,672.49
Cash to close$233,954$47,900$47,900