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$259,753$259,753$441,000
Remaining term (yrs)24.824.830.0
Secondary amount$0$181,247$0
Funding fee$0$0$0
Note rate2.990%2.990%7.400%
Blended rate3.840%5.550%7.640%
1st payment$1,233.20$1,233.20$3,053.39
2nd payment$0.00$1,208.31$0.00
Taxes / mo$393.67$393.67$393.67
Insurance / mo$166.67$166.67$166.67
MI / mo$207.45$207.45$88.20
HOA / mo$83.33$83.33$83.33
Total monthly$2,084.32$3,292.63$3,785.26
Cash to close$230,247$49,000$49,000