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$250,094$250,094$301,500
Remaining term (yrs)24.724.730.0
Secondary amount$0$51,406$0
Funding fee$0$0$0
Note rate2.960%2.960%7.320%
Blended rate3.810%4.695%7.560%
1st payment$1,186.13$1,186.13$2,071.10
2nd payment$0.00$385.54$0.00
Taxes / mo$80.67$80.67$80.67
Insurance / mo$150.00$150.00$150.00
MI / mo$200.30$200.30$60.30
HOA / mo$19.83$19.83$19.83
Total monthly$1,636.93$2,022.48$2,381.89
Cash to close$84,906$33,500$33,500