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$275,385$275,385$418,410
Remaining term (yrs)24.424.430.0
Secondary amount$0$143,025$0
Funding fee$0$0$0
Note rate2.700%2.700%7.400%
Blended rate3.550%5.071%7.640%
1st payment$1,281.42$1,281.42$2,896.99
2nd payment$0.00$953.50$0.00
Taxes / mo$541.33$541.33$541.33
Insurance / mo$166.67$166.67$166.67
MI / mo$223.79$223.79$83.68
HOA / mo$72.67$72.67$72.67
Total monthly$2,285.87$3,239.37$3,761.34
Cash to close$189,515$46,490$46,490