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$250,917$250,917$467,999
Remaining term (yrs)24.224.230.0
Secondary amount$0$217,082$0
Funding fee$0$0$0
Note rate2.700%2.700%7.400%
Blended rate3.550%5.498%7.640%
1st payment$1,173.21$1,173.21$3,240.33
2nd payment$0.00$1,401.99$0.00
Taxes / mo$228.75$228.75$228.75
Insurance / mo$166.67$166.67$166.67
MI / mo$204.89$204.89$93.60
HOA / mo$20.83$20.83$20.83
Total monthly$1,794.34$3,196.33$3,750.18
Cash to close$269,082$52,000$52,000