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$257,869$257,869$341,996
Remaining term (yrs)24.424.430.0
Secondary amount$0$84,127$0
Funding fee$0$0$0
Note rate2.730%2.730%7.320%
Blended rate3.580%4.913%7.560%
1st payment$1,203.85$1,203.85$2,349.27
2nd payment$0.00$630.95$0.00
Taxes / mo$261.75$261.75$261.75
Insurance / mo$150.00$150.00$150.00
MI / mo$209.42$209.42$68.40
HOA / mo$65.00$65.00$65.00
Total monthly$1,890.02$2,520.97$2,894.42
Cash to close$122,126$38,000$38,000