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$257,104$257,104$449,910
Remaining term (yrs)25.025.030.0
Secondary amount$0$192,806$0
Funding fee$0$0$0
Note rate2.980%2.980%7.400%
Blended rate3.830%5.617%7.640%
1st payment$1,211.12$1,211.12$3,115.09
2nd payment$0.00$1,285.38$0.00
Taxes / mo$547.17$547.17$547.17
Insurance / mo$166.67$166.67$166.67
MI / mo$204.00$204.00$89.98
HOA / mo$0.00$0.00$0.00
Total monthly$2,128.95$3,414.33$3,918.90
Cash to close$242,796$49,990$49,990