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$269,972$269,972$314,910
Remaining term (yrs)24.924.930.0
Secondary amount$0$44,938$0
Funding fee$0$0$0
Note rate2.870%2.870%7.320%
Blended rate3.720%4.473%7.560%
1st payment$1,262.06$1,262.06$2,163.21
2nd payment$0.00$337.04$0.00
Taxes / mo$291.58$291.58$291.58
Insurance / mo$150.00$150.00$150.00
MI / mo$215.61$215.61$62.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,919.25$2,256.28$2,667.78
Cash to close$79,928$34,990$34,990