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$290,029$290,029$413,100
Remaining term (yrs)24.324.330.0
Secondary amount$0$123,071$0
Funding fee$0$0$0
Note rate2.770%2.770%7.320%
Blended rate3.620%4.925%7.560%
1st payment$1,359.90$1,359.90$2,837.71
2nd payment$0.00$820.48$0.00
Taxes / mo$332.50$332.50$332.50
Insurance / mo$166.67$166.67$166.67
MI / mo$235.34$235.34$82.62
HOA / mo$73.00$73.00$73.00
Total monthly$2,167.41$2,987.89$3,492.50
Cash to close$168,971$45,900$45,900