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$262,797$262,797$346,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$83,703$0
Funding fee$0$0$0
Note rate2.870%2.870%7.400%
Blended rate3.720%4.995%7.640%
1st payment$1,228.52$1,228.52$2,399.10
2nd payment$0.00$627.77$0.00
Taxes / mo$481.67$481.67$481.67
Insurance / mo$150.00$150.00$150.00
MI / mo$209.88$209.88$69.30
HOA / mo$0.00$0.00$0.00
Total monthly$2,070.06$2,697.83$3,100.06
Cash to close$122,203$38,500$38,500