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$268,969$268,969$441,000
Remaining term (yrs)24.024.030.0
Secondary amount$0$172,031$0
Funding fee$0$0$0
Note rate2.940%2.940%7.400%
Blended rate3.790%5.432%7.640%
1st payment$1,296.75$1,296.75$3,053.39
2nd payment$0.00$1,146.87$0.00
Taxes / mo$408.33$408.33$408.33
Insurance / mo$166.67$166.67$166.67
MI / mo$219.55$219.55$88.20
HOA / mo$20.00$20.00$20.00
Total monthly$2,111.30$3,258.17$3,736.59
Cash to close$221,031$49,000$49,000