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$240,928$240,928$404,910
Remaining term (yrs)23.923.930.0
Secondary amount$0$163,982$0
Funding fee$0$0$0
Note rate2.980%2.980%7.320%
Blended rate3.830%5.519%7.560%
1st payment$1,172.06$1,172.06$2,781.45
2nd payment$0.00$1,093.21$0.00
Taxes / mo$467.08$467.08$467.08
Insurance / mo$150.00$150.00$150.00
MI / mo$197.42$197.42$80.98
HOA / mo$50.00$50.00$50.00
Total monthly$2,036.57$3,129.78$3,529.52
Cash to close$208,972$44,990$44,990