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$263,096$263,096$328,410
Remaining term (yrs)24.424.430.0
Secondary amount$0$65,314$0
Funding fee$0$0$0
Note rate2.970%2.970%7.320%
Blended rate3.820%4.850%7.560%
1st payment$1,257.76$1,257.76$2,255.95
2nd payment$0.00$489.86$0.00
Taxes / mo$209.75$209.75$209.75
Insurance / mo$150.00$150.00$150.00
MI / mo$212.13$212.13$65.68
HOA / mo$0.00$0.00$0.00
Total monthly$1,829.64$2,319.49$2,681.38
Cash to close$101,804$36,490$36,490