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$263,289$263,289$346,500
Remaining term (yrs)24.024.030.0
Secondary amount$0$83,211$0
Funding fee$0$0$0
Note rate2.940%2.940%7.400%
Blended rate3.790%5.041%7.640%
1st payment$1,269.36$1,269.36$2,399.10
2nd payment$0.00$624.08$0.00
Taxes / mo$549.92$549.92$549.92
Insurance / mo$150.00$150.00$150.00
MI / mo$214.91$214.91$69.30
HOA / mo$48.33$48.33$48.33
Total monthly$2,232.52$2,856.60$3,216.64
Cash to close$121,711$38,500$38,500