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$268,903$268,903$350,910
Remaining term (yrs)25.125.130.0
Secondary amount$0$82,007$0
Funding fee$0$0$0
Note rate2.860%2.860%7.400%
Blended rate3.710%4.946%7.640%
1st payment$1,247.16$1,247.16$2,429.63
2nd payment$0.00$615.05$0.00
Taxes / mo$190.92$190.92$190.92
Insurance / mo$150.00$150.00$150.00
MI / mo$213.34$213.34$70.18
HOA / mo$0.00$0.00$0.00
Total monthly$1,801.41$2,416.47$2,840.73
Cash to close$120,997$38,990$38,990