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$252,769$252,769$386,910
Remaining term (yrs)23.923.930.0
Secondary amount$0$134,141$0
Funding fee$0$0$0
Note rate2.980%2.980%7.320%
Blended rate3.830%5.276%7.560%
1st payment$1,226.75$1,226.75$2,657.80
2nd payment$0.00$894.27$0.00
Taxes / mo$421.83$421.83$421.83
Insurance / mo$150.00$150.00$150.00
MI / mo$206.63$206.63$77.38
HOA / mo$0.00$0.00$0.00
Total monthly$2,005.22$2,899.49$3,307.02
Cash to close$177,131$42,990$42,990