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$242,966$242,966$395,910
Remaining term (yrs)24.124.130.0
Secondary amount$0$152,944$0
Funding fee$0$0$0
Note rate2.880%2.880%7.320%
Blended rate3.730%5.380%7.560%
1st payment$1,161.12$1,161.12$2,719.63
2nd payment$0.00$1,019.63$0.00
Taxes / mo$619.83$619.83$619.83
Insurance / mo$150.00$150.00$150.00
MI / mo$198.11$198.11$79.18
HOA / mo$90.00$90.00$90.00
Total monthly$2,219.06$3,238.69$3,658.64
Cash to close$196,934$43,990$43,990