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$260,466$260,466$351,000
Remaining term (yrs)24.724.730.0
Secondary amount$0$90,534$0
Funding fee$0$0$0
Note rate2.950%2.950%7.400%
Blended rate3.800%5.141%7.640%
1st payment$1,233.97$1,233.97$2,430.25
2nd payment$0.00$679.01$0.00
Taxes / mo$394.75$394.75$394.75
Insurance / mo$150.00$150.00$150.00
MI / mo$208.65$208.65$70.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,987.37$2,666.38$3,045.20
Cash to close$129,534$39,000$39,000