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$290,682$290,682$436,500
Remaining term (yrs)24.424.430.0
Secondary amount$0$145,818$0
Funding fee$0$0$0
Note rate2.650%2.650%7.400%
Blended rate3.500%5.003%7.640%
1st payment$1,345.22$1,345.22$3,022.24
2nd payment$0.00$972.12$0.00
Taxes / mo$266.75$266.75$266.75
Insurance / mo$166.67$166.67$166.67
MI / mo$236.46$236.46$87.30
HOA / mo$81.00$81.00$81.00
Total monthly$2,096.10$3,068.22$3,623.95
Cash to close$194,318$48,500$48,500