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$275,279$275,279$409,500
Remaining term (yrs)24.424.430.0
Secondary amount$0$134,221$0
Funding fee$0$0$0
Note rate2.650%2.650%7.400%
Blended rate3.500%4.975%7.640%
1st payment$1,273.94$1,273.94$2,835.30
2nd payment$0.00$894.80$0.00
Taxes / mo$505.83$505.83$505.83
Insurance / mo$166.67$166.67$166.67
MI / mo$223.93$223.93$81.90
HOA / mo$181.00$181.00$181.00
Total monthly$2,351.37$3,246.18$3,770.70
Cash to close$179,721$45,500$45,500