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$262,592$262,592$323,910
Remaining term (yrs)25.025.030.0
Secondary amount$0$61,318$0
Funding fee$0$0$0
Note rate2.900%2.900%7.320%
Blended rate3.750%4.744%7.560%
1st payment$1,226.07$1,226.07$2,225.04
2nd payment$0.00$459.88$0.00
Taxes / mo$125.83$125.83$125.83
Insurance / mo$150.00$150.00$150.00
MI / mo$208.65$208.65$64.78
HOA / mo$0.00$0.00$0.00
Total monthly$1,710.56$2,170.44$2,565.65
Cash to close$97,308$35,990$35,990