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$267,287$267,287$305,100
Remaining term (yrs)24.924.930.0
Secondary amount$0$37,813$0
Funding fee$0$0$0
Note rate2.800%2.800%7.400%
Blended rate3.650%4.313%7.640%
1st payment$1,239.87$1,239.87$2,112.45
2nd payment$0.00$283.60$0.00
Taxes / mo$282.50$282.50$282.50
Insurance / mo$150.00$150.00$150.00
MI / mo$213.74$213.74$61.02
HOA / mo$0.00$0.00$0.00
Total monthly$1,886.11$2,169.71$2,605.97
Cash to close$71,713$33,900$33,900