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$264,756$264,756$388,800
Remaining term (yrs)24.724.730.0
Secondary amount$0$124,044$0
Funding fee$0$0$0
Note rate2.940%2.940%7.320%
Blended rate3.790%5.133%7.560%
1st payment$1,252.93$1,252.93$2,670.79
2nd payment$0.00$826.96$0.00
Taxes / mo$236.83$236.83$236.83
Insurance / mo$150.00$150.00$150.00
MI / mo$212.13$212.13$77.76
HOA / mo$0.00$0.00$0.00
Total monthly$1,851.89$2,678.85$3,135.38
Cash to close$167,244$43,200$43,200