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$253,188$253,188$485,910
Remaining term (yrs)24.624.630.0
Secondary amount$0$232,722$0
Funding fee$0$0$0
Note rate2.960%2.960%7.400%
Blended rate3.810%5.697%7.640%
1st payment$1,203.55$1,203.55$3,364.34
2nd payment$0.00$1,502.99$0.00
Taxes / mo$141.58$141.58$141.58
Insurance / mo$166.67$166.67$166.67
MI / mo$203.25$203.25$97.18
HOA / mo$18.75$18.75$18.75
Total monthly$1,733.79$3,236.79$3,788.52
Cash to close$286,712$53,990$53,990