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$17,637$17,637$270,000
Remaining term (yrs)22.722.730.0
Secondary amount$0$252,363$0
Funding fee$0$0$0
Note rate3.000%3.000%7.400%
Blended rate3.850%7.495%7.640%
1st payment$88.99$88.99$1,869.43
2nd payment$0.00$1,629.84$0.00
Taxes / mo$164.42$164.42$164.42
Insurance / mo$150.00$150.00$150.00
MI / mo$14.32$14.32$54.00
HOA / mo$370.00$370.00$370.00
Total monthly$787.73$2,417.57$2,607.84
Cash to close$282,363$30,000$30,000