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$258,957$258,957$355,500
Remaining term (yrs)25.025.030.0
Secondary amount$0$96,543$0
Funding fee$0$0$0
Note rate2.880%2.880%7.400%
Blended rate3.730%5.161%7.640%
1st payment$1,206.42$1,206.42$2,461.41
2nd payment$0.00$724.07$0.00
Taxes / mo$486.17$486.17$486.17
Insurance / mo$150.00$150.00$150.00
MI / mo$205.84$205.84$71.10
HOA / mo$75.00$75.00$75.00
Total monthly$2,123.42$2,847.50$3,243.68
Cash to close$136,043$39,500$39,500