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$270,357$270,357$405,000
Remaining term (yrs)24.224.230.0
Secondary amount$0$134,643$0
Funding fee$0$0$0
Note rate2.710%2.710%7.400%
Blended rate3.560%5.036%7.640%
1st payment$1,265.48$1,265.48$2,804.14
2nd payment$0.00$897.62$0.00
Taxes / mo$386.67$386.67$386.67
Insurance / mo$150.00$150.00$150.00
MI / mo$220.72$220.72$81.00
HOA / mo$22.00$22.00$22.00
Total monthly$2,044.86$2,942.48$3,443.80
Cash to close$179,643$45,000$45,000