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$239,993$239,993$287,910
Remaining term (yrs)24.924.930.0
Secondary amount$0$47,917$0
Funding fee$0$0$0
Note rate2.860%2.860%7.400%
Blended rate3.710%4.590%7.640%
1st payment$1,118.12$1,118.12$1,993.43
2nd payment$0.00$359.38$0.00
Taxes / mo$628.50$628.50$628.50
Insurance / mo$150.00$150.00$150.00
MI / mo$191.26$191.26$57.58
HOA / mo$0.00$0.00$0.00
Total monthly$2,087.89$2,447.27$2,829.51
Cash to close$79,907$31,990$31,990