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$246,612$246,612$332,991
Remaining term (yrs)23.923.930.0
Secondary amount$0$86,379$0
Funding fee$0$0$0
Note rate2.960%2.960%7.400%
Blended rate3.810%5.156%7.640%
1st payment$1,194.33$1,194.33$2,305.56
2nd payment$0.00$647.84$0.00
Taxes / mo$320.50$320.50$320.50
Insurance / mo$150.00$150.00$150.00
MI / mo$201.69$201.69$66.60
HOA / mo$78.00$78.00$78.00
Total monthly$1,944.52$2,592.36$2,920.66
Cash to close$123,378$36,999$36,999