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$259,501$259,501$347,850
Remaining term (yrs)24.424.430.0
Secondary amount$0$88,349$0
Funding fee$0$0$0
Note rate2.810%2.810%7.320%
Blended rate3.660%5.016%7.560%
1st payment$1,219.19$1,219.19$2,389.49
2nd payment$0.00$662.62$0.00
Taxes / mo$556.42$556.42$556.42
Insurance / mo$150.00$150.00$150.00
MI / mo$209.90$209.90$69.57
HOA / mo$33.00$33.00$33.00
Total monthly$2,168.51$2,831.13$3,198.47
Cash to close$126,999$38,650$38,650