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$248,719$248,719$289,350
Remaining term (yrs)24.924.930.0
Secondary amount$0$40,631$0
Funding fee$0$0$0
Note rate2.860%2.860%7.400%
Blended rate3.710%4.453%7.640%
1st payment$1,158.78$1,158.78$2,003.40
2nd payment$0.00$304.73$0.00
Taxes / mo$117.58$117.58$117.58
Insurance / mo$150.00$150.00$150.00
MI / mo$198.22$198.22$57.87
HOA / mo$0.00$0.00$0.00
Total monthly$1,624.58$1,929.31$2,328.85
Cash to close$72,781$32,150$32,150