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$277,048$277,048$423,000
Remaining term (yrs)24.524.530.0
Secondary amount$0$145,952$0
Funding fee$0$0$0
Note rate2.810%2.810%7.400%
Blended rate3.660%5.157%7.640%
1st payment$1,298.58$1,298.58$2,928.77
2nd payment$0.00$973.02$0.00
Taxes / mo$164.50$164.50$164.50
Insurance / mo$166.67$166.67$166.67
MI / mo$223.57$223.57$84.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,853.31$2,826.33$3,344.53
Cash to close$192,952$47,000$47,000