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$240,460$240,460$279,000
Remaining term (yrs)24.524.530.0
Secondary amount$0$38,540$0
Funding fee$0$0$0
Note rate2.650%2.650%7.400%
Blended rate3.500%4.260%7.640%
1st payment$1,107.46$1,107.46$1,931.74
2nd payment$0.00$289.05$0.00
Taxes / mo$546.17$546.17$546.17
Insurance / mo$150.00$150.00$150.00
MI / mo$194.67$194.67$55.80
HOA / mo$43.00$43.00$43.00
Total monthly$2,041.30$2,330.35$2,726.71
Cash to close$69,540$31,000$31,000