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$250,316$250,316$427,500
Remaining term (yrs)25.925.930.0
Secondary amount$0$177,184$0
Funding fee$0$0$0
Note rate5.130%5.130%7.400%
Blended rate5.980%6.817%7.640%
1st payment$1,452.17$1,452.17$2,959.92
2nd payment$0.00$1,181.22$0.00
Taxes / mo$691.58$691.58$691.58
Insurance / mo$166.67$166.67$166.67
MI / mo$188.81$188.81$85.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,499.22$3,680.45$3,903.67
Cash to close$224,684$47,500$47,500