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$269,190$269,190$449,100
Remaining term (yrs)24.124.130.0
Secondary amount$0$179,910$0
Funding fee$0$0$0
Note rate2.800%2.800%7.400%
Blended rate3.650%5.393%7.640%
1st payment$1,275.42$1,275.42$3,109.48
2nd payment$0.00$1,199.40$0.00
Taxes / mo$551.33$551.33$551.33
Insurance / mo$166.67$166.67$166.67
MI / mo$219.87$219.87$89.82
HOA / mo$12.50$12.50$12.50
Total monthly$2,225.78$3,425.18$3,929.80
Cash to close$229,810$49,900$49,900