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$255,181$255,181$314,910
Remaining term (yrs)24.324.330.0
Secondary amount$0$59,729$0
Funding fee$0$0$0
Note rate2.680%2.680%7.320%
Blended rate3.530%4.567%7.560%
1st payment$1,187.67$1,187.67$2,163.21
2nd payment$0.00$447.97$0.00
Taxes / mo$401.33$401.33$401.33
Insurance / mo$150.00$150.00$150.00
MI / mo$207.96$207.96$62.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,946.96$2,394.93$2,777.53
Cash to close$94,719$34,990$34,990