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$255,014$255,014$360,000
Remaining term (yrs)23.923.930.0
Secondary amount$0$104,986$0
Funding fee$0$0$0
Note rate2.940%2.940%7.400%
Blended rate3.790%5.018%7.640%
1st payment$1,232.39$1,232.39$2,492.57
2nd payment$0.00$699.91$0.00
Taxes / mo$333.33$333.33$333.33
Insurance / mo$150.00$150.00$150.00
MI / mo$208.65$208.65$72.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,924.37$2,624.28$3,047.90
Cash to close$144,986$40,000$40,000