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$271,603$271,603$400,500
Remaining term (yrs)23.923.930.0
Secondary amount$0$128,897$0
Funding fee$0$0$0
Note rate2.800%2.800%7.400%
Blended rate3.650%5.050%7.640%
1st payment$1,296.22$1,296.22$2,772.98
2nd payment$0.00$859.31$0.00
Taxes / mo$575.42$575.42$575.42
Insurance / mo$150.00$150.00$150.00
MI / mo$223.45$223.45$80.10
HOA / mo$129.00$129.00$129.00
Total monthly$2,374.09$3,233.40$3,707.50
Cash to close$173,397$44,500$44,500