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$243,519$243,519$333,000
Remaining term (yrs)24.824.830.0
Secondary amount$0$89,481$0
Funding fee$0$0$0
Note rate2.960%2.960%7.400%
Blended rate3.810%5.205%7.640%
1st payment$1,152.33$1,152.33$2,305.62
2nd payment$0.00$671.11$0.00
Taxes / mo$99.33$99.33$99.33
Insurance / mo$150.00$150.00$150.00
MI / mo$194.60$194.60$66.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,596.26$2,267.37$2,621.56
Cash to close$126,481$37,000$37,000