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$252,078$252,078$405,000
Remaining term (yrs)24.324.330.0
Secondary amount$0$152,922$0
Funding fee$0$0$0
Note rate2.680%2.680%7.400%
Blended rate3.530%5.218%7.640%
1st payment$1,173.23$1,173.23$2,804.14
2nd payment$0.00$1,019.48$0.00
Taxes / mo$375.00$375.00$375.00
Insurance / mo$150.00$150.00$150.00
MI / mo$205.43$205.43$81.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,903.66$2,923.14$3,410.14
Cash to close$197,922$45,000$45,000