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$267,876$267,876$394,200
Remaining term (yrs)24.324.330.0
Secondary amount$0$126,324$0
Funding fee$0$0$0
Note rate2.660%2.660%7.320%
Blended rate3.510%4.949%7.560%
1st payment$1,244.04$1,244.04$2,707.88
2nd payment$0.00$842.16$0.00
Taxes / mo$177.33$177.33$177.33
Insurance / mo$150.00$150.00$150.00
MI / mo$218.39$218.39$78.84
HOA / mo$58.00$58.00$58.00
Total monthly$1,847.77$2,689.93$3,172.05
Cash to close$170,124$43,800$43,800