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$257,768$257,768$319,500
Remaining term (yrs)24.824.830.0
Secondary amount$0$61,732$0
Funding fee$0$0$0
Note rate2.990%2.990%7.400%
Blended rate3.840%4.837%7.640%
1st payment$1,223.77$1,223.77$2,212.15
2nd payment$0.00$462.99$0.00
Taxes / mo$424.50$424.50$424.50
Insurance / mo$150.00$150.00$150.00
MI / mo$205.87$205.87$63.90
HOA / mo$0.00$0.00$0.00
Total monthly$2,004.14$2,467.13$2,850.55
Cash to close$97,232$35,500$35,500