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$273,747$273,747$440,910
Remaining term (yrs)24.724.730.0
Secondary amount$0$167,163$0
Funding fee$0$0$0
Note rate3.000%3.000%7.400%
Blended rate3.850%5.423%7.640%
1st payment$1,304.00$1,304.00$3,052.77
2nd payment$0.00$1,114.42$0.00
Taxes / mo$172.33$172.33$172.33
Insurance / mo$166.67$166.67$166.67
MI / mo$219.08$219.08$88.18
HOA / mo$0.00$0.00$0.00
Total monthly$1,862.08$2,976.50$3,479.95
Cash to close$216,153$48,990$48,990