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$261,112$261,112$414,000
Remaining term (yrs)23.423.430.0
Secondary amount$0$152,888$0
Funding fee$0$0$0
Note rate2.650%2.650%7.400%
Blended rate3.500%5.162%7.640%
1st payment$1,244.96$1,244.96$2,866.45
2nd payment$0.00$1,019.25$0.00
Taxes / mo$433.75$433.75$433.75
Insurance / mo$166.67$166.67$166.67
MI / mo$214.00$214.00$82.80
HOA / mo$79.00$79.00$79.00
Total monthly$2,138.38$3,157.63$3,628.67
Cash to close$198,888$46,000$46,000