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$272,236$272,236$395,100
Remaining term (yrs)24.624.630.0
Secondary amount$0$122,864$0
Funding fee$0$0$0
Note rate2.960%2.960%7.320%
Blended rate3.810%5.113%7.560%
1st payment$1,294.09$1,294.09$2,714.06
2nd payment$0.00$819.10$0.00
Taxes / mo$239.67$239.67$239.67
Insurance / mo$150.00$150.00$150.00
MI / mo$218.54$218.54$79.02
HOA / mo$16.50$16.50$16.50
Total monthly$1,918.79$2,737.89$3,199.25
Cash to close$166,764$43,900$43,900