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$274,395$274,395$652,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$378,105$0
Funding fee$0$0$0
Note rate2.780%2.780%7.400%
Blended rate3.630%6.017%7.640%
1st payment$1,270.03$1,270.03$4,517.78
2nd payment$0.00$2,441.93$0.00
Taxes / mo$604.17$604.17$604.17
Insurance / mo$216.67$216.67$216.67
MI / mo$219.51$219.51$130.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,310.37$4,752.30$5,469.11
Cash to close$450,605$72,500$72,500