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$262,252$262,252$346,500
Remaining term (yrs)24.424.430.0
Secondary amount$0$84,248$0
Funding fee$0$0$0
Note rate2.810%2.810%7.320%
Blended rate3.660%4.958%7.560%
1st payment$1,232.12$1,232.12$2,380.21
2nd payment$0.00$631.86$0.00
Taxes / mo$111.08$111.08$111.08
Insurance / mo$150.00$150.00$150.00
MI / mo$212.13$212.13$69.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,705.33$2,337.19$2,710.60
Cash to close$122,748$38,500$38,500