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$271,242$271,242$323,100
Remaining term (yrs)25.025.030.0
Secondary amount$0$51,858$0
Funding fee$0$0$0
Note rate2.860%2.860%7.400%
Blended rate3.710%4.559%7.640%
1st payment$1,260.85$1,260.85$2,237.08
2nd payment$0.00$388.94$0.00
Taxes / mo$293.08$293.08$293.08
Insurance / mo$150.00$150.00$150.00
MI / mo$215.68$215.68$64.62
HOA / mo$24.58$24.58$24.58
Total monthly$1,944.19$2,333.13$2,769.36
Cash to close$87,758$35,900$35,900