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$259,042$259,042$369,000
Remaining term (yrs)24.224.230.0
Secondary amount$0$109,958$0
Funding fee$0$0$0
Note rate2.720%2.720%7.320%
Blended rate3.570%4.890%7.560%
1st payment$1,213.83$1,213.83$2,534.77
2nd payment$0.00$733.05$0.00
Taxes / mo$341.67$341.67$341.67
Insurance / mo$150.00$150.00$150.00
MI / mo$211.43$211.43$73.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,916.93$2,649.98$3,100.24
Cash to close$150,958$41,000$41,000