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$270,851$270,851$437,666
Remaining term (yrs)24.424.430.0
Secondary amount$0$166,815$0
Funding fee$0$0$0
Note rate2.810%2.810%7.400%
Blended rate3.660%5.314%7.640%
1st payment$1,272.52$1,272.52$3,030.31
2nd payment$0.00$1,112.10$0.00
Taxes / mo$147.67$147.67$147.67
Insurance / mo$166.67$166.67$166.67
MI / mo$219.08$219.08$87.53
HOA / mo$440.00$440.00$440.00
Total monthly$2,245.93$3,358.04$3,872.18
Cash to close$215,445$48,630$48,630