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$269,445$269,445$358,200
Remaining term (yrs)24.024.030.0
Secondary amount$0$88,755$0
Funding fee$0$0$0
Note rate2.900%2.900%7.320%
Blended rate3.750%5.051%7.560%
1st payment$1,293.50$1,293.50$2,460.59
2nd payment$0.00$665.66$0.00
Taxes / mo$594.58$594.58$594.58
Insurance / mo$150.00$150.00$150.00
MI / mo$220.13$220.13$71.64
HOA / mo$8.75$8.75$8.75
Total monthly$2,266.96$2,932.62$3,285.56
Cash to close$128,555$39,800$39,800