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$271,436$271,436$395,100
Remaining term (yrs)24.224.230.0
Secondary amount$0$123,664$0
Funding fee$0$0$0
Note rate2.720%2.720%7.400%
Blended rate3.570%4.957%7.640%
1st payment$1,271.91$1,271.91$2,735.59
2nd payment$0.00$824.43$0.00
Taxes / mo$768.70$768.70$768.70
Insurance / mo$150.00$150.00$150.00
MI / mo$221.55$221.55$79.02
HOA / mo$12.50$12.50$12.50
Total monthly$2,424.66$3,249.09$3,745.82
Cash to close$167,564$43,900$43,900