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$264,476$264,476$360,000
Remaining term (yrs)23.923.930.0
Secondary amount$0$95,524$0
Funding fee$0$0$0
Note rate2.960%2.960%7.400%
Blended rate3.810%5.187%7.640%
1st payment$1,280.84$1,280.84$2,492.57
2nd payment$0.00$716.43$0.00
Taxes / mo$285.92$285.92$285.92
Insurance / mo$150.00$150.00$150.00
MI / mo$216.30$216.30$72.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,933.06$2,649.49$3,000.48
Cash to close$135,524$40,000$40,000