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$257,886$257,886$350,910
Remaining term (yrs)24.424.430.0
Secondary amount$0$93,024$0
Funding fee$0$0$0
Note rate2.720%2.720%7.400%
Blended rate3.570%5.009%7.640%
1st payment$1,199.75$1,199.75$2,429.63
2nd payment$0.00$697.68$0.00
Taxes / mo$444.33$444.33$444.33
Insurance / mo$150.00$150.00$150.00
MI / mo$208.98$208.98$70.18
HOA / mo$85.00$85.00$85.00
Total monthly$2,088.06$2,785.74$3,179.15
Cash to close$132,014$38,990$38,990