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$260,543$260,543$481,500
Remaining term (yrs)24.124.130.0
Secondary amount$0$220,957$0
Funding fee$0$0$0
Note rate2.800%2.800%7.400%
Blended rate3.650%5.531%7.640%
1st payment$1,234.45$1,234.45$3,333.81
2nd payment$0.00$1,427.01$0.00
Taxes / mo$393.17$393.17$393.17
Insurance / mo$166.67$166.67$166.67
MI / mo$212.80$212.80$96.30
HOA / mo$76.67$76.67$76.67
Total monthly$2,083.75$3,510.77$4,066.61
Cash to close$274,457$53,500$53,500