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$261,530$261,530$319,500
Remaining term (yrs)25.025.030.0
Secondary amount$0$57,970$0
Funding fee$0$0$0
Note rate2.860%2.860%7.400%
Blended rate3.710%4.670%7.640%
1st payment$1,215.71$1,215.71$2,212.15
2nd payment$0.00$434.78$0.00
Taxes / mo$295.83$295.83$295.83
Insurance / mo$150.00$150.00$150.00
MI / mo$207.96$207.96$63.90
HOA / mo$0.00$0.00$0.00
Total monthly$1,869.49$2,304.27$2,721.89
Cash to close$93,470$35,500$35,500