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$256,574$256,574$413,100
Remaining term (yrs)24.924.930.0
Secondary amount$0$156,526$0
Funding fee$0$0$0
Note rate2.800%2.800%7.400%
Blended rate3.650%5.298%7.640%
1st payment$1,190.18$1,190.18$2,860.22
2nd payment$0.00$1,043.51$0.00
Taxes / mo$113.17$113.17$113.17
Insurance / mo$166.67$166.67$166.67
MI / mo$205.17$205.17$82.62
HOA / mo$0.00$0.00$0.00
Total monthly$1,675.19$2,718.69$3,222.67
Cash to close$202,426$45,900$45,900