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$247,710$247,710$404,100
Remaining term (yrs)24.324.330.0
Secondary amount$0$156,390$0
Funding fee$0$0$0
Note rate2.720%2.720%7.400%
Blended rate3.570%5.284%7.640%
1st payment$1,157.93$1,157.93$2,797.91
2nd payment$0.00$1,042.60$0.00
Taxes / mo$138.25$138.25$138.25
Insurance / mo$150.00$150.00$150.00
MI / mo$201.70$201.70$80.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,647.88$2,690.48$3,166.98
Cash to close$201,290$44,900$44,900