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$257,643$257,643$382,500
Remaining term (yrs)22.422.430.0
Secondary amount$0$124,857$0
Funding fee$0$0$0
Note rate2.730%2.730%7.400%
Blended rate3.580%5.023%7.640%
1st payment$1,278.17$1,278.17$2,648.35
2nd payment$0.00$832.38$0.00
Taxes / mo$202.25$202.25$202.25
Insurance / mo$150.00$150.00$150.00
MI / mo$212.51$212.51$76.50
HOA / mo$33.33$33.33$33.33
Total monthly$1,876.26$2,708.64$3,110.43
Cash to close$167,357$42,500$42,500