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$254,067$254,067$404,910
Remaining term (yrs)23.923.930.0
Secondary amount$0$150,843$0
Funding fee$0$0$0
Note rate2.880%2.880%7.400%
Blended rate3.730%5.321%7.640%
1st payment$1,222.92$1,222.92$2,803.52
2nd payment$0.00$1,005.62$0.00
Taxes / mo$412.92$412.92$412.92
Insurance / mo$150.00$150.00$150.00
MI / mo$208.65$208.65$80.98
HOA / mo$4.17$4.17$4.17
Total monthly$1,998.66$3,004.28$3,451.58
Cash to close$195,833$44,990$44,990