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$268,344$268,344$337,500
Remaining term (yrs)24.824.830.0
Secondary amount$0$69,156$0
Funding fee$0$0$0
Note rate2.930%2.930%7.400%
Blended rate3.780%4.850%7.640%
1st payment$1,265.64$1,265.64$2,336.78
2nd payment$0.00$518.67$0.00
Taxes / mo$713.67$713.67$713.67
Insurance / mo$150.00$150.00$150.00
MI / mo$214.55$214.55$67.50
HOA / mo$10.42$10.42$10.42
Total monthly$2,354.28$2,872.95$3,278.37
Cash to close$106,656$37,500$37,500