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$257,256$257,256$278,910
Remaining term (yrs)24.224.230.0
Secondary amount$0$37,149$0
Funding fee$0$0$0
Note rate3.020%3.020%7.400%
Blended rate3.870%4.880%7.640%
1st payment$1,245.08$1,245.08$1,931.12
2nd payment$0.00$367.62$0.00
Taxes / mo$745.00$745.00$745.00
Insurance / mo$150.00$150.00$150.00
MI / mo$208.65$208.65$55.78
HOA / mo$0.00$0.00$0.00
Total monthly$2,348.73$2,716.35$2,881.90
Cash to close$52,644$15,495$30,990