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$251,418$251,418$378,000
Remaining term (yrs)25.025.030.0
Secondary amount$0$126,582$0
Funding fee$0$0$0
Note rate2.900%2.900%7.320%
Blended rate3.750%5.173%7.560%
1st payment$1,173.90$1,173.90$2,596.60
2nd payment$0.00$843.88$0.00
Taxes / mo$271.00$271.00$271.00
Insurance / mo$150.00$150.00$150.00
MI / mo$199.77$199.77$75.60
HOA / mo$181.33$181.33$181.33
Total monthly$1,976.00$2,819.88$3,274.53
Cash to close$168,582$42,000$42,000