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$262,405$262,405$315,000
Remaining term (yrs)25.025.030.0
Secondary amount$0$52,595$0
Funding fee$0$0$0
Note rate2.860%2.860%7.320%
Blended rate3.710%4.593%7.560%
1st payment$1,219.77$1,219.77$2,163.83
2nd payment$0.00$394.47$0.00
Taxes / mo$520.58$520.58$520.58
Insurance / mo$150.00$150.00$150.00
MI / mo$208.65$208.65$63.00
HOA / mo$300.00$300.00$300.00
Total monthly$2,399.01$2,793.47$3,197.41
Cash to close$87,595$35,000$35,000