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$247,442$247,442$342,000
Remaining term (yrs)24.724.730.0
Secondary amount$0$94,558$0
Funding fee$0$0$0
Note rate2.950%2.950%7.400%
Blended rate3.800%5.238%7.640%
1st payment$1,172.27$1,172.27$2,367.94
2nd payment$0.00$709.19$0.00
Taxes / mo$270.00$270.00$270.00
Insurance / mo$150.00$150.00$150.00
MI / mo$198.22$198.22$68.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,790.49$2,499.68$2,856.34
Cash to close$132,558$38,000$38,000