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$252,627$252,627$463,499
Remaining term (yrs)24.824.830.0
Secondary amount$0$210,872$0
Funding fee$0$0$0
Note rate2.960%2.960%7.320%
Blended rate3.810%5.603%7.560%
1st payment$1,195.43$1,195.43$3,183.92
2nd payment$0.00$1,361.88$0.00
Taxes / mo$429.17$429.17$429.17
Insurance / mo$166.67$166.67$166.67
MI / mo$201.88$201.88$92.70
HOA / mo$544.00$544.00$544.00
Total monthly$2,537.14$3,899.02$4,416.45
Cash to close$262,372$51,500$51,500