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$272,384$272,384$354,600
Remaining term (yrs)24.424.430.0
Secondary amount$0$82,216$0
Funding fee$0$0$0
Note rate2.970%2.970%7.400%
Blended rate3.820%5.021%7.640%
1st payment$1,302.16$1,302.16$2,455.18
2nd payment$0.00$616.62$0.00
Taxes / mo$385.60$385.60$385.60
Insurance / mo$150.00$150.00$150.00
MI / mo$219.62$219.62$70.92
HOA / mo$96.00$96.00$96.00
Total monthly$2,153.38$2,770.00$3,157.70
Cash to close$121,616$39,400$39,400