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$250,525$250,525$414,000
Remaining term (yrs)21.821.830.0
Secondary amount$0$163,475$0
Funding fee$0$0$0
Note rate2.960%2.960%7.320%
Blended rate3.810%5.464%7.560%
1st payment$1,295.86$1,295.86$2,843.89
2nd payment$0.00$1,089.83$0.00
Taxes / mo$442.00$442.00$442.00
Insurance / mo$166.67$166.67$166.67
MI / mo$204.62$204.62$82.80
HOA / mo$58.67$58.67$58.67
Total monthly$2,167.81$3,257.64$3,594.03
Cash to close$209,475$46,000$46,000