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$264,440$264,440$562,500
Remaining term (yrs)19.319.330.0
Secondary amount$0$298,060$0
Funding fee$0$0$0
Note rate2.650%2.650%7.320%
Blended rate3.500%5.752%7.560%
1st payment$1,453.08$1,453.08$3,863.98
2nd payment$0.00$1,924.97$0.00
Taxes / mo$287.00$287.00$287.00
Insurance / mo$166.67$166.67$166.67
MI / mo$225.61$225.61$112.50
HOA / mo$38.00$38.00$38.00
Total monthly$2,170.36$4,095.33$4,468.15
Cash to close$360,560$62,500$62,500