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$263,485$263,485$281,700
Remaining term (yrs)24.924.930.0
Secondary amount$0$33,865$0
Funding fee$0$0$0
Note rate2.780%2.780%7.320%
Blended rate3.630%4.569%7.560%
1st payment$1,219.53$1,219.53$1,935.08
2nd payment$0.00$335.13$0.00
Taxes / mo$374.33$374.33$374.33
Insurance / mo$150.00$150.00$150.00
MI / mo$210.78$210.78$56.34
HOA / mo$54.00$54.00$54.00
Total monthly$2,008.64$2,343.77$2,569.76
Cash to close$49,515$15,650$31,300