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$254,302$254,302$427,410
Remaining term (yrs)24.724.730.0
Secondary amount$0$173,108$0
Funding fee$0$0$0
Note rate2.900%2.900%7.400%
Blended rate3.750%5.471%7.640%
1st payment$1,198.20$1,198.20$2,959.30
2nd payment$0.00$1,154.06$0.00
Taxes / mo$538.75$538.75$538.75
Insurance / mo$166.67$166.67$166.67
MI / mo$203.91$203.91$85.48
HOA / mo$10.42$10.42$10.42
Total monthly$2,117.94$3,272.00$3,760.62
Cash to close$220,598$47,490$47,490