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$257,240$257,240$382,500
Remaining term (yrs)24.424.430.0
Secondary amount$0$125,260$0
Funding fee$0$0$0
Note rate2.790%2.790%7.320%
Blended rate3.640%5.068%7.560%
1st payment$1,208.79$1,208.79$2,627.51
2nd payment$0.00$835.07$0.00
Taxes / mo$235.33$235.33$235.33
Insurance / mo$150.00$150.00$150.00
MI / mo$208.65$208.65$76.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,802.77$2,637.84$3,089.34
Cash to close$167,760$42,500$42,500