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$265,234$265,234$438,300
Remaining term (yrs)24.324.330.0
Secondary amount$0$173,066$0
Funding fee$0$0$0
Note rate2.790%2.790%7.320%
Blended rate3.640%5.362%7.560%
1st payment$1,246.35$1,246.35$3,010.82
2nd payment$0.00$1,153.78$0.00
Taxes / mo$405.83$405.83$405.83
Insurance / mo$166.67$166.67$166.67
MI / mo$215.14$215.14$87.66
HOA / mo$0.00$0.00$0.00
Total monthly$2,033.99$3,187.76$3,670.98
Cash to close$221,766$48,700$48,700