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$255,434$255,434$391,500
Remaining term (yrs)24.224.230.0
Secondary amount$0$136,066$0
Funding fee$0$0$0
Note rate2.710%2.710%7.400%
Blended rate3.560%5.103%7.640%
1st payment$1,195.63$1,195.63$2,710.67
2nd payment$0.00$907.11$0.00
Taxes / mo$278.58$278.58$278.58
Insurance / mo$150.00$150.00$150.00
MI / mo$208.53$208.53$78.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,832.74$2,739.85$3,217.55
Cash to close$179,566$43,500$43,500