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$269,008$269,008$301,500
Remaining term (yrs)25.425.430.0
Secondary amount$0$32,492$0
Funding fee$0$0$0
Note rate2.630%2.630%7.400%
Blended rate3.480%4.075%7.640%
1st payment$1,204.77$1,204.77$2,087.53
2nd payment$0.00$243.69$0.00
Taxes / mo$150.83$150.83$150.83
Insurance / mo$150.00$150.00$150.00
MI / mo$212.33$212.33$60.30
HOA / mo$210.00$210.00$210.00
Total monthly$1,927.93$2,171.62$2,658.66
Cash to close$65,992$33,500$33,500