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$255,233$255,233$359,910
Remaining term (yrs)24.024.030.0
Secondary amount$0$104,677$0
Funding fee$0$0$0
Note rate2.870%2.870%7.320%
Blended rate3.720%4.965%7.560%
1st payment$1,221.35$1,221.35$2,472.33
2nd payment$0.00$697.84$0.00
Taxes / mo$116.33$116.33$116.33
Insurance / mo$150.00$150.00$150.00
MI / mo$208.65$208.65$71.98
HOA / mo$73.00$73.00$73.00
Total monthly$1,769.33$2,467.17$2,883.65
Cash to close$144,667$39,990$39,990