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$256,754$256,754$287,910
Remaining term (yrs)24.824.830.0
Secondary amount$0$31,156$0
Funding fee$0$0$0
Note rate2.960%2.960%7.400%
Blended rate3.810%4.372%7.640%
1st payment$1,214.96$1,214.96$1,993.43
2nd payment$0.00$233.67$0.00
Taxes / mo$120.83$120.83$120.83
Insurance / mo$150.00$150.00$150.00
MI / mo$205.17$205.17$57.58
HOA / mo$0.00$0.00$0.00
Total monthly$1,690.97$1,924.64$2,321.85
Cash to close$63,146$31,990$31,990