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$277,271$277,271$652,410
Remaining term (yrs)24.024.030.0
Secondary amount$0$375,139$0
Funding fee$0$0$0
Note rate2.870%2.870%7.400%
Blended rate3.720%6.037%7.640%
1st payment$1,326.80$1,326.80$4,517.16
2nd payment$0.00$2,422.77$0.00
Taxes / mo$45.25$45.25$45.25
Insurance / mo$216.67$216.67$216.67
MI / mo$226.67$226.67$130.48
HOA / mo$0.00$0.00$0.00
Total monthly$1,815.38$4,238.16$4,909.55
Cash to close$447,629$72,490$72,490