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$261,263$261,263$382,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$121,237$0
Funding fee$0$0$0
Note rate2.870%2.870%7.320%
Blended rate3.720%5.077%7.560%
1st payment$1,221.35$1,221.35$2,627.51
2nd payment$0.00$808.25$0.00
Taxes / mo$182.42$182.42$182.42
Insurance / mo$150.00$150.00$150.00
MI / mo$208.65$208.65$76.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,762.41$2,570.66$3,036.43
Cash to close$163,737$42,500$42,500