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$254,294$254,294$350,991
Remaining term (yrs)23.923.930.0
Secondary amount$0$96,697$0
Funding fee$0$0$0
Note rate2.900%2.900%7.400%
Blended rate3.750%5.196%7.640%
1st payment$1,226.62$1,226.62$2,430.19
2nd payment$0.00$725.23$0.00
Taxes / mo$524.17$524.17$524.17
Insurance / mo$150.00$150.00$150.00
MI / mo$208.74$208.74$70.20
HOA / mo$140.00$140.00$140.00
Total monthly$2,249.53$2,974.76$3,314.56
Cash to close$135,696$38,999$38,999