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$261,189$261,189$401,310
Remaining term (yrs)24.024.030.0
Secondary amount$0$140,121$0
Funding fee$0$0$0
Note rate2.870%2.870%7.400%
Blended rate3.720%5.214%7.640%
1st payment$1,249.84$1,249.84$2,778.59
2nd payment$0.00$934.14$0.00
Taxes / mo$382.75$382.75$382.75
Insurance / mo$150.00$150.00$150.00
MI / mo$213.52$213.52$80.26
HOA / mo$0.00$0.00$0.00
Total monthly$1,996.11$2,930.25$3,391.60
Cash to close$184,711$44,590$44,590