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$253,127$253,127$350,100
Remaining term (yrs)24.924.930.0
Secondary amount$0$96,973$0
Funding fee$0$0$0
Note rate2.840%2.840%7.400%
Blended rate3.690%5.161%7.640%
1st payment$1,176.71$1,176.71$2,424.02
2nd payment$0.00$727.30$0.00
Taxes / mo$324.17$324.17$324.17
Insurance / mo$150.00$150.00$150.00
MI / mo$201.80$201.80$70.02
HOA / mo$85.00$85.00$85.00
Total monthly$1,937.68$2,664.98$3,053.21
Cash to close$135,873$38,900$38,900