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$272,015$272,015$450,000
Remaining term (yrs)23.923.930.0
Secondary amount$0$177,985$0
Funding fee$0$0$0
Note rate2.940%2.940%7.400%
Blended rate3.790%5.455%7.640%
1st payment$1,314.55$1,314.55$3,115.71
2nd payment$0.00$1,186.57$0.00
Taxes / mo$416.67$416.67$416.67
Insurance / mo$166.67$166.67$166.67
MI / mo$222.56$222.56$90.00
HOA / mo$92.00$92.00$92.00
Total monthly$2,212.45$3,399.01$3,881.04
Cash to close$227,985$50,000$50,000