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$251,795$251,795$449,910
Remaining term (yrs)24.924.930.0
Secondary amount$0$198,115$0
Funding fee$0$0$0
Note rate2.810%2.810%7.320%
Blended rate3.660%5.571%7.560%
1st payment$1,169.31$1,169.31$3,090.57
2nd payment$0.00$1,320.77$0.00
Taxes / mo$255.25$255.25$255.25
Insurance / mo$166.67$166.67$166.67
MI / mo$201.31$201.31$89.98
HOA / mo$30.00$30.00$30.00
Total monthly$1,822.54$3,143.30$3,632.47
Cash to close$248,105$49,990$49,990