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$252,403$252,403$294,300
Remaining term (yrs)24.824.830.0
Secondary amount$0$41,897$0
Funding fee$0$0$0
Note rate2.960%2.960%7.320%
Blended rate3.810%4.549%7.560%
1st payment$1,194.37$1,194.37$2,021.64
2nd payment$0.00$314.23$0.00
Taxes / mo$341.00$341.00$341.00
Insurance / mo$150.00$150.00$150.00
MI / mo$201.70$201.70$58.86
HOA / mo$195.00$195.00$195.00
Total monthly$2,082.07$2,396.30$2,766.50
Cash to close$74,597$32,700$32,700