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$268,217$268,217$400,500
Remaining term (yrs)24.524.530.0
Secondary amount$0$132,283$0
Funding fee$0$0$0
Note rate3.100%3.100%7.400%
Blended rate3.950%5.288%7.640%
1st payment$1,297.43$1,297.43$2,772.98
2nd payment$0.00$881.89$0.00
Taxes / mo$448.58$448.58$448.58
Insurance / mo$150.00$150.00$150.00
MI / mo$215.22$215.22$80.10
HOA / mo$86.67$86.67$86.67
Total monthly$2,197.90$3,079.79$3,538.33
Cash to close$176,783$44,500$44,500