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$244,562$244,562$270,000
Remaining term (yrs)24.224.230.0
Secondary amount$0$25,438$0
Funding fee$0$0$0
Note rate2.770%2.770%7.320%
Blended rate3.620%4.127%7.560%
1st payment$1,152.21$1,152.21$1,854.71
2nd payment$0.00$190.79$0.00
Taxes / mo$130.33$130.33$130.33
Insurance / mo$150.00$150.00$150.00
MI / mo$199.40$199.40$54.00
HOA / mo$462.00$462.00$462.00
Total monthly$2,093.94$2,284.73$2,651.05
Cash to close$55,438$30,000$30,000