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$239,505$239,505$296,910
Remaining term (yrs)24.224.230.0
Secondary amount$0$57,405$0
Funding fee$0$0$0
Note rate2.900%2.900%7.400%
Blended rate3.750%4.765%7.640%
1st payment$1,144.33$1,144.33$2,055.74
2nd payment$0.00$430.54$0.00
Taxes / mo$386.33$386.33$386.33
Insurance / mo$150.00$150.00$150.00
MI / mo$194.74$194.74$59.38
HOA / mo$0.00$0.00$0.00
Total monthly$1,875.41$2,305.94$2,651.46
Cash to close$90,395$32,990$32,990