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$269,972$269,972$292,410
Remaining term (yrs)24.924.930.0
Secondary amount$0$38,683$0
Funding fee$0$0$0
Note rate2.870%2.870%7.400%
Blended rate3.720%4.742%7.640%
1st payment$1,262.06$1,262.06$2,024.59
2nd payment$0.00$382.80$0.00
Taxes / mo$327.25$327.25$327.25
Insurance / mo$150.00$150.00$150.00
MI / mo$215.61$215.61$58.48
HOA / mo$10.00$10.00$10.00
Total monthly$1,964.91$2,347.72$2,570.32
Cash to close$54,928$16,245$32,490