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$264,751$264,751$278,955
Remaining term (yrs)24.924.930.0
Secondary amount$0$29,702$0
Funding fee$0$0$0
Note rate2.880%2.880%7.320%
Blended rate3.730%4.552%7.560%
1st payment$1,239.02$1,239.02$1,916.23
2nd payment$0.00$293.93$0.00
Taxes / mo$713.00$713.00$713.00
Insurance / mo$150.00$150.00$150.00
MI / mo$211.40$211.40$55.79
HOA / mo$0.00$0.00$0.00
Total monthly$2,313.41$2,607.34$2,835.02
Cash to close$45,199$15,498$30,995