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$255,859$255,859$382,500
Remaining term (yrs)24.824.830.0
Secondary amount$0$126,641$0
Funding fee$0$0$0
Note rate2.900%2.900%7.400%
Blended rate3.750%5.157%7.640%
1st payment$1,202.78$1,202.78$2,648.35
2nd payment$0.00$844.28$0.00
Taxes / mo$116.67$116.67$116.67
Insurance / mo$150.00$150.00$150.00
MI / mo$204.69$204.69$76.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,674.13$2,518.41$2,991.52
Cash to close$169,141$42,500$42,500