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$273,770$273,770$494,550
Remaining term (yrs)24.724.730.0
Secondary amount$0$220,780$0
Funding fee$0$0$0
Note rate3.000%3.000%7.400%
Blended rate3.850%5.591%7.640%
1st payment$1,304.11$1,304.11$3,424.16
2nd payment$0.00$1,425.87$0.00
Taxes / mo$541.75$541.75$541.75
Insurance / mo$166.67$166.67$166.67
MI / mo$219.10$219.10$98.91
HOA / mo$45.00$45.00$45.00
Total monthly$2,276.62$3,702.49$4,276.49
Cash to close$275,730$54,950$54,950