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$252,568$252,568$395,100
Remaining term (yrs)24.924.930.0
Secondary amount$0$142,532$0
Funding fee$0$0$0
Note rate2.980%2.980%7.400%
Blended rate3.830%5.334%7.640%
1st payment$1,195.08$1,195.08$2,735.59
2nd payment$0.00$950.21$0.00
Taxes / mo$365.83$365.83$365.83
Insurance / mo$150.00$150.00$150.00
MI / mo$201.30$201.30$79.02
HOA / mo$280.00$280.00$280.00
Total monthly$2,192.21$3,142.43$3,610.45
Cash to close$186,432$43,900$43,900