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$247,104$247,104$359,991
Remaining term (yrs)22.422.430.0
Secondary amount$0$112,887$0
Funding fee$0$0$0
Note rate2.790%2.790%7.320%
Blended rate3.640%5.007%7.560%
1st payment$1,233.35$1,233.35$2,472.89
2nd payment$0.00$752.58$0.00
Taxes / mo$236.08$236.08$236.08
Insurance / mo$150.00$150.00$150.00
MI / mo$203.56$203.56$72.00
HOA / mo$18.00$18.00$18.00
Total monthly$1,840.99$2,593.56$2,948.97
Cash to close$152,886$39,999$39,999