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$246,695$246,695$359,100
Remaining term (yrs)24.024.030.0
Secondary amount$0$112,405$0
Funding fee$0$0$0
Note rate2.880%2.880%7.400%
Blended rate3.730%5.067%7.640%
1st payment$1,181.75$1,181.75$2,486.34
2nd payment$0.00$749.37$0.00
Taxes / mo$332.50$332.50$332.50
Insurance / mo$150.00$150.00$150.00
MI / mo$201.63$201.63$71.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,865.88$2,615.25$3,040.66
Cash to close$152,305$39,900$39,900