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$295,168$295,168$427,491
Remaining term (yrs)24.324.330.0
Secondary amount$0$132,323$0
Funding fee$0$0$0
Note rate2.660%2.660%7.400%
Blended rate3.510%4.900%7.640%
1st payment$1,370.79$1,370.79$2,959.86
2nd payment$0.00$882.15$0.00
Taxes / mo$721.42$721.42$721.42
Insurance / mo$166.67$166.67$166.67
MI / mo$240.64$240.64$85.50
HOA / mo$100.00$100.00$100.00
Total monthly$2,599.52$3,481.67$4,033.44
Cash to close$179,822$47,499$47,499