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$250,237$250,237$359,910
Remaining term (yrs)24.024.030.0
Secondary amount$0$109,673$0
Funding fee$0$0$0
Note rate2.890%2.890%7.320%
Blended rate3.740%5.038%7.560%
1st payment$1,200.00$1,200.00$2,472.33
2nd payment$0.00$731.16$0.00
Taxes / mo$250.83$250.83$250.83
Insurance / mo$150.00$150.00$150.00
MI / mo$204.48$204.48$71.98
HOA / mo$88.00$88.00$88.00
Total monthly$1,893.31$2,624.47$3,033.15
Cash to close$149,663$39,990$39,990