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$261,241$261,241$386,910
Remaining term (yrs)24.124.130.0
Secondary amount$0$125,669$0
Funding fee$0$0$0
Note rate2.870%2.870%7.400%
Blended rate3.720%5.110%7.640%
1st payment$1,247.11$1,247.11$2,678.89
2nd payment$0.00$837.79$0.00
Taxes / mo$480.88$480.88$480.88
Insurance / mo$150.00$150.00$150.00
MI / mo$213.05$213.05$77.38
HOA / mo$360.00$360.00$360.00
Total monthly$2,451.05$3,288.85$3,747.15
Cash to close$168,659$42,990$42,990