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$242,687$242,687$305,955
Remaining term (yrs)24.624.630.0
Secondary amount$0$63,268$0
Funding fee$0$0$0
Note rate2.980%2.980%7.400%
Blended rate3.830%4.899%7.640%
1st payment$1,156.14$1,156.14$2,118.37
2nd payment$0.00$474.51$0.00
Taxes / mo$715.08$715.08$715.08
Insurance / mo$150.00$150.00$150.00
MI / mo$194.74$194.74$61.19
HOA / mo$21.00$21.00$21.00
Total monthly$2,236.97$2,711.48$3,065.64
Cash to close$97,263$33,995$33,995