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$263,168$263,168$413,910
Remaining term (yrs)23.923.930.0
Secondary amount$0$150,742$0
Funding fee$0$0$0
Note rate2.880%2.880%7.320%
Blended rate3.730%5.285%7.560%
1st payment$1,263.68$1,263.68$2,843.27
2nd payment$0.00$1,004.95$0.00
Taxes / mo$156.83$156.83$156.83
Insurance / mo$166.67$166.67$166.67
MI / mo$215.61$215.61$82.78
HOA / mo$0.00$0.00$0.00
Total monthly$1,802.79$2,807.74$3,249.56
Cash to close$196,732$45,990$45,990