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$240,587$240,587$386,910
Remaining term (yrs)24.124.130.0
Secondary amount$0$146,323$0
Funding fee$0$0$0
Note rate2.700%2.700%7.400%
Blended rate3.550%5.233%7.640%
1st payment$1,127.64$1,127.64$2,678.89
2nd payment$0.00$975.49$0.00
Taxes / mo$351.75$351.75$351.75
Insurance / mo$150.00$150.00$150.00
MI / mo$196.93$196.93$77.38
HOA / mo$268.00$268.00$268.00
Total monthly$2,094.32$3,069.81$3,526.02
Cash to close$189,313$42,990$42,990