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$268,779$268,779$355,500
Remaining term (yrs)24.324.330.0
Secondary amount$0$86,721$0
Funding fee$0$0$0
Note rate2.670%2.670%7.400%
Blended rate3.520%4.857%7.640%
1st payment$1,249.60$1,249.60$2,461.41
2nd payment$0.00$650.41$0.00
Taxes / mo$396.50$396.50$396.50
Insurance / mo$150.00$150.00$150.00
MI / mo$219.08$219.08$71.10
HOA / mo$321.00$321.00$321.00
Total monthly$2,336.18$2,986.59$3,400.01
Cash to close$126,221$39,500$39,500