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$238,527$238,527$260,100
Remaining term (yrs)24.024.030.0
Secondary amount$0$36,023$0
Funding fee$0$0$0
Note rate2.930%2.930%7.400%
Blended rate3.780%4.842%7.640%
1st payment$1,148.75$1,148.75$1,800.88
2nd payment$0.00$356.48$0.00
Taxes / mo$240.83$240.83$240.83
Insurance / mo$150.00$150.00$150.00
MI / mo$194.74$194.74$52.02
HOA / mo$0.00$0.00$0.00
Total monthly$1,734.33$2,090.80$2,243.73
Cash to close$50,473$14,450$28,900