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$242,576$242,576$378,000
Remaining term (yrs)24.024.030.0
Secondary amount$0$135,424$0
Funding fee$0$0$0
Note rate2.890%2.890%7.320%
Blended rate3.740%5.266%7.560%
1st payment$1,163.27$1,163.27$2,596.60
2nd payment$0.00$902.82$0.00
Taxes / mo$350.00$350.00$350.00
Insurance / mo$150.00$150.00$150.00
MI / mo$198.22$198.22$75.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,861.49$2,764.31$3,172.20
Cash to close$177,424$42,000$42,000