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$270,728$270,728$494,910
Remaining term (yrs)24.824.830.0
Secondary amount$0$224,182$0
Funding fee$0$0$0
Note rate2.990%2.990%7.400%
Blended rate3.840%5.611%7.640%
1st payment$1,285.30$1,285.30$3,426.66
2nd payment$0.00$1,447.84$0.00
Taxes / mo$370.25$370.25$370.25
Insurance / mo$166.67$166.67$166.67
MI / mo$216.22$216.22$98.98
HOA / mo$450.00$450.00$450.00
Total monthly$2,488.44$3,936.28$4,512.56
Cash to close$279,172$54,990$54,990