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$256,145$256,145$463,410
Remaining term (yrs)24.424.430.0
Secondary amount$0$207,265$0
Funding fee$0$0$0
Note rate2.790%2.790%7.400%
Blended rate3.640%5.478%7.640%
1st payment$1,200.80$1,200.80$3,208.56
2nd payment$0.00$1,338.59$0.00
Taxes / mo$429.08$429.08$429.08
Insurance / mo$166.67$166.67$166.67
MI / mo$207.27$207.27$92.68
HOA / mo$0.00$0.00$0.00
Total monthly$2,003.82$3,342.41$3,896.99
Cash to close$258,755$51,490$51,490