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$239,491$239,491$297,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$57,509$0
Funding fee$0$0$0
Note rate2.870%2.870%7.400%
Blended rate3.720%4.742%7.640%
1st payment$1,119.57$1,119.57$2,056.37
2nd payment$0.00$431.32$0.00
Taxes / mo$81.42$81.42$81.42
Insurance / mo$150.00$150.00$150.00
MI / mo$191.26$191.26$59.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,542.25$1,973.56$2,347.18
Cash to close$90,509$33,000$33,000