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$252,046$252,046$414,000
Remaining term (yrs)12.512.530.0
Secondary amount$0$161,954$0
Funding fee$0$0$0
Note rate2.900%2.900%7.400%
Blended rate3.750%5.413%7.640%
1st payment$1,983.33$1,983.33$2,866.45
2nd payment$0.00$1,079.70$0.00
Taxes / mo$649.67$649.67$649.67
Insurance / mo$166.67$166.67$166.67
MI / mo$236.19$236.19$82.80
HOA / mo$55.00$55.00$55.00
Total monthly$3,090.85$4,170.55$3,820.59
Cash to close$207,954$46,000$46,000