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$268,483$268,483$467,910
Remaining term (yrs)24.924.930.0
Secondary amount$0$199,427$0
Funding fee$0$0$0
Note rate2.870%2.870%7.320%
Blended rate3.720%5.544%7.560%
1st payment$1,255.10$1,255.10$3,214.22
2nd payment$0.00$1,329.52$0.00
Taxes / mo$136.50$136.50$136.50
Insurance / mo$166.67$166.67$166.67
MI / mo$214.42$214.42$93.58
HOA / mo$0.00$0.00$0.00
Total monthly$1,772.68$3,102.20$3,610.97
Cash to close$251,417$51,990$51,990