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$255,625$255,625$346,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$90,875$0
Funding fee$0$0$0
Note rate2.880%2.880%7.400%
Blended rate3.730%5.112%7.640%
1st payment$1,196.31$1,196.31$2,399.10
2nd payment$0.00$681.56$0.00
Taxes / mo$320.83$320.83$320.83
Insurance / mo$150.00$150.00$150.00
MI / mo$204.11$204.11$69.30
HOA / mo$235.00$235.00$235.00
Total monthly$2,106.25$2,787.81$3,174.23
Cash to close$129,375$38,500$38,500