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$254,114$254,114$382,500
Remaining term (yrs)24.424.430.0
Secondary amount$0$128,386$0
Funding fee$0$0$0
Note rate2.900%2.900%7.320%
Blended rate3.750%5.177%7.560%
1st payment$1,205.64$1,205.64$2,627.51
2nd payment$0.00$855.91$0.00
Taxes / mo$499.00$499.00$499.00
Insurance / mo$150.00$150.00$150.00
MI / mo$205.17$205.17$76.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,059.81$2,915.71$3,353.01
Cash to close$170,886$42,500$42,500