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$253,748$253,748$274,410
Remaining term (yrs)25.025.030.0
Secondary amount$0$35,907$0
Funding fee$0$0$0
Note rate2.880%2.880%7.320%
Blended rate3.730%4.740%7.560%
1st payment$1,182.16$1,182.16$1,885.01
2nd payment$0.00$355.33$0.00
Taxes / mo$71.50$71.50$71.50
Insurance / mo$150.00$150.00$150.00
MI / mo$201.70$201.70$54.88
HOA / mo$168.00$168.00$168.00
Total monthly$1,773.35$2,128.68$2,329.39
Cash to close$51,152$15,245$30,490