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$235,501$235,501$270,000
Remaining term (yrs)24.424.430.0
Secondary amount$0$34,499$0
Funding fee$0$0$0
Note rate2.730%2.730%7.400%
Blended rate3.580%4.273%7.640%
1st payment$1,099.43$1,099.43$1,869.43
2nd payment$0.00$258.74$0.00
Taxes / mo$473.33$473.33$473.33
Insurance / mo$150.00$150.00$150.00
MI / mo$191.26$191.26$54.00
HOA / mo$134.00$134.00$134.00
Total monthly$2,048.01$2,306.76$2,680.76
Cash to close$64,499$30,000$30,000