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$247,772$247,772$296,100
Remaining term (yrs)24.824.830.0
Secondary amount$0$48,328$0
Funding fee$0$0$0
Note rate2.900%2.900%7.320%
Blended rate3.750%4.607%7.560%
1st payment$1,164.77$1,164.77$2,034.00
2nd payment$0.00$362.46$0.00
Taxes / mo$431.25$431.25$431.25
Insurance / mo$150.00$150.00$150.00
MI / mo$198.22$198.22$59.22
HOA / mo$0.00$0.00$0.00
Total monthly$1,944.23$2,306.69$2,674.47
Cash to close$81,228$32,900$32,900