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$250,033$250,033$346,410
Remaining term (yrs)24.224.230.0
Secondary amount$0$96,377$0
Funding fee$0$0$0
Note rate2.710%2.710%7.320%
Blended rate3.560%5.074%7.560%
1st payment$1,170.34$1,170.34$2,379.60
2nd payment$0.00$722.83$0.00
Taxes / mo$603.58$603.58$603.58
Insurance / mo$150.00$150.00$150.00
MI / mo$204.12$204.12$69.28
HOA / mo$181.00$181.00$181.00
Total monthly$2,309.05$3,031.88$3,383.46
Cash to close$134,867$38,490$38,490