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$263,868$263,868$404,550
Remaining term (yrs)24.424.430.0
Secondary amount$0$140,682$0
Funding fee$0$0$0
Note rate2.680%2.680%7.400%
Blended rate3.530%5.084%7.640%
1st payment$1,225.15$1,225.15$2,801.02
2nd payment$0.00$937.88$0.00
Taxes / mo$611.46$611.46$611.46
Insurance / mo$150.00$150.00$150.00
MI / mo$214.52$214.52$80.91
HOA / mo$104.00$104.00$104.00
Total monthly$2,305.12$3,243.00$3,747.39
Cash to close$185,632$44,950$44,950