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$244,338$244,338$310,500
Remaining term (yrs)24.424.430.0
Secondary amount$0$66,162$0
Funding fee$0$0$0
Note rate2.970%2.970%7.400%
Blended rate3.820%4.924%7.640%
1st payment$1,168.09$1,168.09$2,149.84
2nd payment$0.00$496.21$0.00
Taxes / mo$556.17$556.17$556.17
Insurance / mo$150.00$150.00$150.00
MI / mo$197.00$197.00$62.10
HOA / mo$250.00$250.00$250.00
Total monthly$2,321.26$2,817.47$3,168.11
Cash to close$100,662$34,500$34,500