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$252,690$252,690$292,410
Remaining term (yrs)24.324.330.0
Secondary amount$0$39,720$0
Funding fee$0$0$0
Note rate2.740%2.740%7.320%
Blended rate3.590%4.325%7.560%
1st payment$1,180.96$1,180.96$2,008.65
2nd payment$0.00$297.90$0.00
Taxes / mo$150.58$150.58$150.58
Insurance / mo$150.00$150.00$150.00
MI / mo$205.17$205.17$58.48
HOA / mo$0.00$0.00$0.00
Total monthly$1,686.72$1,984.61$2,367.72
Cash to close$72,210$32,490$32,490