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$251,844$251,844$333,000
Remaining term (yrs)24.424.430.0
Secondary amount$0$81,156$0
Funding fee$0$0$0
Note rate2.800%2.800%7.320%
Blended rate3.650%4.954%7.560%
1st payment$1,181.93$1,181.93$2,287.48
2nd payment$0.00$608.67$0.00
Taxes / mo$329.33$329.33$329.33
Insurance / mo$150.00$150.00$150.00
MI / mo$203.75$203.75$66.60
HOA / mo$84.67$84.67$84.67
Total monthly$1,949.68$2,558.35$2,918.08
Cash to close$118,156$37,000$37,000