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$255,024$255,024$360,000
Remaining term (yrs)24.524.530.0
Secondary amount$0$104,976$0
Funding fee$0$0$0
Note rate2.810%2.810%7.320%
Blended rate3.660%4.926%7.560%
1st payment$1,195.35$1,195.35$2,472.95
2nd payment$0.00$699.84$0.00
Taxes / mo$346.42$346.42$346.42
Insurance / mo$150.00$150.00$150.00
MI / mo$205.80$205.80$72.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,897.56$2,597.40$3,041.37
Cash to close$144,976$40,000$40,000