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$19,473$19,473$277,200
Remaining term (yrs)16.916.930.0
Secondary amount$0$257,727$0
Funding fee$0$0$0
Note rate2.800%2.800%7.400%
Blended rate3.650%7.462%7.640%
1st payment$119.62$119.62$1,919.28
2nd payment$0.00$1,664.49$0.00
Taxes / mo$165.25$165.25$165.25
Insurance / mo$150.00$150.00$150.00
MI / mo$16.69$16.69$55.44
HOA / mo$0.00$0.00$0.00
Total monthly$451.56$2,116.04$2,289.97
Cash to close$288,527$30,800$30,800