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$272,527$272,527$616,500
Remaining term (yrs)25.125.130.0
Secondary amount$0$343,973$0
Funding fee$0$0$0
Note rate3.050%3.050%7.400%
Blended rate3.900%6.048%7.640%
1st payment$1,290.87$1,290.87$4,268.52
2nd payment$0.00$2,221.49$0.00
Taxes / mo$570.83$570.83$570.83
Insurance / mo$166.67$166.67$166.67
MI / mo$215.50$215.50$123.30
HOA / mo$0.00$0.00$0.00
Total monthly$2,243.87$4,465.36$5,129.32
Cash to close$412,473$68,500$68,500