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$253,495$253,495$431,991
Remaining term (yrs)23.023.030.0
Secondary amount$0$178,496$0
Funding fee$0$0$0
Note rate2.880%2.880%7.400%
Blended rate3.730%5.494%7.640%
1st payment$1,250.68$1,250.68$2,991.02
2nd payment$0.00$1,189.97$0.00
Taxes / mo$669.50$669.50$669.50
Insurance / mo$166.67$166.67$166.67
MI / mo$208.84$208.84$86.40
HOA / mo$175.00$175.00$175.00
Total monthly$2,470.69$3,660.66$4,088.58
Cash to close$226,495$47,999$47,999