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$281,077$281,077$382,410
Remaining term (yrs)24.224.230.0
Secondary amount$0$101,333$0
Funding fee$0$0$0
Note rate2.700%2.700%7.400%
Blended rate3.550%4.729%7.640%
1st payment$1,314.23$1,314.23$2,647.73
2nd payment$0.00$675.56$0.00
Taxes / mo$219.33$219.33$219.33
Insurance / mo$150.00$150.00$150.00
MI / mo$229.52$229.52$76.48
HOA / mo$91.67$91.67$91.67
Total monthly$2,004.74$2,680.30$3,185.21
Cash to close$143,823$42,490$42,490